The mysterious behavior of inflation is undermining classical economic theory and perplexing the Fed. As…
Browsing: Money & Prices
The Fed looks to the official unemployment rate to indicate future inflation. But, that relationship…
The effectiveness of the Fed’s key policy tool to manage our economy may be weakening.…
In each of five equity market phases since 1951, just one factor explained over 90%…
Economists assume that lower interest rates increase business investment – all else equal. This assumption…
The Fed bubble reminds people of huge gains and raises fears of a fall. Central…
Product costs have fallen and shopping habits have changed over decades. But, investment portfolio design…
Larry Summers repeatedly cites powerful changes in our economy as he makes the case for…
Japan’s two “lost decades” are typically blamed on weak demand – not true. The legacy…
Misunderstanding credit spreads has hurt traders and investors in corporate bonds and other assets. Success…
From dentist visits to allergy pills, the Fed is pushing hard to increase medical care…
From Yahoo! Finance by Lawrence Lewitinn While Fed Chair Janet Yellen and Vice Chair Stanley…
Fed forecasters have erred because they’ve missed how tech and trade have transformed our economy.…
The two percent inflation target is an illusion, ignoring the fork between goods and services.…
“No one can see a bubble, that’s why it’s called a bubble” is a myth.…
Idealized “business cycles” don’t exist. This note concludes a series that aspires to illustrate how…