voodoo

ECB QE Faces Reality

By Jeffrey P. Snider|2015-09-03T11:30:15-04:00September 3rd, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I don’t think Mario Draghi panicked, but China is as good a scapegoat as any at the moment. The ECB’s intended adjustment in the PSPP (QE) is cosmetic, but then again QE itself is pretty much only that to begin with. It seems pretty obvious given the desperate lack of any positive impact from it so far, and the very [...]

The Age of Voodoo

By Jeffrey P. Snider|2015-08-31T12:15:30-04:00August 31st, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The Jackson Hole gathering may end up providing at least some clarification, but not even close to the manner in which everyone seems intent on inferring. With Janet Yellen’s notable absence, there isn’t the same sort of celebrity about what would have been the media hanging upon every word; that is, after all, what the Federal Reserve has become, not [...]

Stay In Touch

Contact