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 […]
Monetary Madness
The blitz most of the central banks in advanced nations have unleashed on the world is actually the least effective, and the most risky, way to stimulate economies. Its main […]
Bill Fleckenstein Does Misunderstand Monetary Policy
Notable Fed critic and hedge fund manager Bill Fleckenstein sticks to his gums. But Fleckenstein’s position depends on a prediction that hasn’t yet materialized. So we think CNBC’s Futures Now […]
Hard Money Versus Soft Money
Many in finance argue that the Fed policies are deeply mistaken and that the Fed is cohorting with Wall Street. The paradox is that these are some of the same […]
Money from the helicopter, the logical conclusion of demand management?
Look out from above..
The ECB, will they or won’t they?
Do as we say, or as we do?