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Agitating For A More Informed Inflation

By |2015-07-23T12:06:31-04:00July 23rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

There are numerous problems created by asset bubbles and many more as a result of a series of them. The financial system becomes highly destabilized, especially as authorities and policymaking bodies misunderstand them to the point of determined stasis rather than courting necessary evolution and reform, which in turn has the same effect on the economy. This is not a [...]

Santa Claus in Sweden

By |2015-06-25T12:00:34-04:00June 25th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Just a few weeks ago the Swedish central bank, Riksbank, was being lauded for its courage and action in finally embracing QE as the ECB had done. The deflation problem in Sweden had been, so it is asserted, seemingly intractable and thus forcing the monetary hand once more. Riksbank has never been shy about fine-tuning here and there, so it [...]

What Comes Next; Part 2, The Looming Transformation

By |2015-06-12T14:38:49-04:00June 12th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Part 1 is here, the history of defining systemic operation since 1907. The quest over equality or the “right” to impose optimal outcomes is one that cannot go backward. The inevitable failures lead no duty to re-assess overall, but only the means by which the results are to be commanded. That was the essence of Triffin’s Paradox, which was only [...]

What Comes Next; Part 1, Useful History of the 20th Century

By |2015-06-12T14:40:11-04:00June 12th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Value as a foundation seems almost too literal to be an economic or financial concept, but it is perhaps the bedrock association that makes the economic system. We are used to aspects like profits and money, even inflation, but those are all symptoms of the ever-changing world surrounding value. Karl Marx understood very well how deeply embedded value was even [...]

Whose Recovery Is It Anyway?

By |2015-06-03T10:44:56-04:00June 3rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

You may have heard recently about the Transportation Safety Administration’s record for safety measures in airline transportation. The task with which the government agency is charged has become a bit of a joke, with public perception almost of a gang of thieves running a sanctioned-criminal enterprise. The groping and stealing are held back, with apathy and inertia on its side, [...]

Rather Than All Efforts Aimed At Making Central Banks More Efficient

By |2015-05-27T16:35:01-04:00May 27th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Leave it to a self-described socialist to undermine his own argument. Decrying the apparent overabundance of personal hygiene and fashion, presidential candidate Bernie Sanders took to confounding as to how many ways evil capitalism could produce odor-altering products but leave so many so hungry. You don't necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs [...]

Chinese Clarify China Recalculation

By |2015-05-12T17:14:32-04:00May 12th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

It still seems to be a matter of contention, but even the Chinese government may be seeking to clarify its “reform” stance in light of the orthodox baseline trying to reconcile the downward trajectory of the Chinese economy. That itself was somehow a great task, as all last year the narrative was, as the US, the global economy with China [...]

The Source and Scourge of Inequality

By |2014-06-30T14:26:29-04:00June 30th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

If there had been an actual recovery delivered as it was intended, promised and offered, the idea of inequality would be an afterthought in an otherwise prosperous age. Inequality, however defined, is a necessary feature of a dynamic economic system. We want inequality because that defines opportunity. A healthy economic system produces disparities due to prices, risk and value. Such [...]

Santelli Is Right; GSE’s Gearing Up Again For Another Ride

By |2014-05-14T15:00:33-04:00May 14th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Real Estate|

The latest noises out of both Fannie and Freddie are for increasing intrusion into housing, which is a sharp departure from where this was all heading (and where it should). The previous GSE administration (Ed DeMarco left in January, replaced by Mel Watts) had left the impression of winding down the troubled firms that have been in conservatorship since the [...]

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