Tag

Fed

How Dumb Is the Fed?

POITOU, FRANCE – This morning, we are wondering: How dumb is the Fed? The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog: [O]ur message to the folks in Jackson Hole this week…

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Fed Hikes, Markets Yawn

RANCHO SANTANA, NICARAGUA – According to yesterday’s mailbag feedback, your editor “certainly is the MOST unpatriotic intelligent person in the country. A closet LEFTY… “If [he] is SO smart and has all the answers, he should get off of his dead…

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The “Truth” About Trump

When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear. – Thomas Sowell Across the valley, it looked at first like a morning mist rising…

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Why the 21st Century Sucks

BALTIMORE – What an awful century! Worst we’ve ever seen. Household incomes are down. Employment is down, with 7 million people in the U.S. of working age without jobs. Productivity growth is down. GDP growth is down – to only…

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The Fed’s “Debt Monster” Is Calling the Shots

BALTIMORE – The funny money gets funnier in the U.S., too… Yesterday, as expected, the Fed raised its key short-term lending rate by 25 basis points to 0.75%. Stocks fell. Bloomberg Markets: Federal Reserve officials raised interest rates for the first…

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