Why The Fed Critics Are Wrong | Seeking Alpha
The Fed is under a host of criticism for its accommodating monetary policy. We think the criticism is largely missing the mark. It’s much easier to recognize asset bubbles after […]
The One Reason Why The Fed Shouldn’t Raise Rates | Seeking Alpha
Domestically, there are some reasons for the Fed to raise rates, which we quickly survey. However, waiting a bit wouldn’t entail big risks either. If one considers the world economy […]
‘QE Will Permanently Impair Living Standards For Generations To Come’ | Seeking Alpha
In some corners, “money printing” is like the original sin, it’s blamed for all economic problems and language tends to go into overdrive. Closer inspection reveals that behind much of […]
The Day The Central Bank Powers Came To An End
Central banks in the developed world have just about thrown everything and the kitchen sink at the forces of deflation, with fairly little to show for it. After the US […]
Serving 2 Masters At A Time?
Monetary policy cannot serve both economic stability and financial stability at the same time. The use of monetary policy to achieve financial stability is a blunt instrument, producing widespread collateral […]
Fooled By The Fed, Again?!
After a steep fall, financial markets have once again bolted higher. According to some, this rebound was caused by some comments from Fed officials. But isn’t it curious that a […]
After The Veil Of QE Is Lifted…
There are many critics of QE, and indeed it does have limited real effects and produces some risks. However, now that the veil of QE is being lifted, what is […]
Deflation, Rather Than Inflation Was Always The Bigger Risk
In 2010, a host of people wrote an open letter to the Fed warning against the inflationary risks of unconventional monetary policy. Recently it turned out that none of these […]
To Raise Or Not To Raise…
A primer on the arguments pro and contra tightening monetary policy. Those who are in favor fear asset bubbles, rising wages and want to protect income from savers. Those who […]