Investors betting on a near-term plunge in interest rates may be mistaking political theater for monetary policy reality. President Donald Trump’s renewed pressure on Federal Reserve ...
“The current inflation episode is just the kind of event that the fiscal theory of the price level can easily describe. It’s simple. The US government printed up about $3 trillion of ...
The Price of Time: Interest, Capitalism, and the Curse of Easy Money. 2022. Edward Chancellor. Atlantic Monthly Press. Few areas of macroeconomic policy are as important and ...
“Shortly after October 6, 1979, met with some chief executives of medium-sized firms. . . . One CEO announced that he had recently signed a three-year labor contract with annual ...
“ says that prices and inflation depend not on money alone . . . but on the overall liabilities of the government — money and bonds. In other words, inflation is always and ...
“We all know the importance of fundamentals and fundamental value,” Brian Singer, CFA, said at the Alpha Summit GLOBAL by CFA Institute this past May. “ what do we do in an ...
The eye of a hurricane is a deceivingly perilous place. Those lucky enough to enter it unscathed may enjoy a well-deserved respite, but the blue skies and calm winds also create a ...
Demand Destruction ≠ Disinflation Global central banks have made an “all-in” effort to front-load policy tightening to dampen demand. But softer economic data in the United States ...
“If exchanging money for short-term debt has no effect, it follows inescapably that giving banks more money is exactly the same as giving them short-term debt. All that quantitative ...
As financial advisers, clients often come to us with various questions about GDP, unemployment, interest rates, consumer consumption, and how these numbers can affect the market and ...
“The descent is always more sudden than the increase; a balloon that has been punctured does not deflate in an orderly way.” — John Kenneth Galbraith I traveled with my family to ...
The euro’s value relative to the US dollar (EUR/USD) recently dipped below parity for the first time since 2002. So precipitous and rapid has been the decline in EUR/USD over the ...
