Tag: monetary policy

The Fed  Monetary Lunacy?

The Fed Monetary Lunacy?

How often do central bankers, regulators, corporate leaders, lawyers, politicians, and ordinary investors make the same mistakes over and over again? All the time. [REITS] If we stopped erasing our memories and for once learned from our mistakes, we might […]

How Much Is Too Much

How Much Is Too Much

The amount of monetary stimulus increasingly imposed on the financial system creates false signals about the economy’s true growth rate, causing a vast misallocation of capital, impaired productivity and weakened economic activity. To help quantify the amount of stimulus, please […]

What Could A New-Look Fed Mean?

What Could A New-Look Fed Mean?

Speculation is building about a looming shake-up in the leadership of the US Federal Reserve. Transitions are nothing new—but the stakes this time are unusually high for the economy and markets. Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, […]

Wage Inflation – Gradually And Then Suddenly

Wage Inflation – Gradually And Then Suddenly

“How did you go bankrupt,” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” “What brought it on?” “Friends,” said Mike. “I had a lot of friends.” ? Ernest Hemingway, The Sun Also Rises (1926) How Trump’s nominee for […]

Clarity Or Confusion

Clarity Or Confusion

“Are you kidding? Are you kidding? No one knows what you’re doing.” – Economist John Taylor in response to William Dudley’s (President Federal Reserve Bank of New York, Vice Chairman of the Federal Open Market Committee) comment that the Federal […]