by | Jan 13, 2020

The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year increase of $39 billion in the quarterly deficit to bring…

by | Oct 2, 2019

The Federal Reserve Bank (the Fed) has a policy to create and sustain 2-percent inflation in America on an annual basis. J. P. Morgan would be chagrined to know that he helped create a central bank that promotes inflation. The…

by | Jul 10, 2019

Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday. President Trump, wanting lower interest rates, talks of firing or demoting Powell. But the Wall Street Journal reports that Powell likely finds a friendlier audience on Capitol Hill than at…

by | Dec 18, 2018

The stock market is terrifying me. I don’t like losing money that I’ve worked hard to get. I don’t like losing money I need for my future, however brief that might be. I have been besieged by persons asking me what…

by | Sep 25, 2018

Paul Reveres or Chicken Littles, depending upon your perspective, warn of a coming danger. The doomsday scenarios appear confined neither to an intellectual ghetto where the respectable fear to tread nor to either end of the ideological spectrum. “The Coming…

by | Jul 10, 2018

Problems with stimulants include the hangover that follows the high, the compulsion to keep chasing that initial feeling despite all subsequent attempts falling short, and the Charles Atlas self-portrait that others see as the guy getting sand kicked in his…

by | Jun 21, 2018

Long after the U.S. Federal Reserve halted quantitative easing, the European Central Bank (ECB) announced its decision last week to end its bond-buying program by the end of 2018. As Europe followed the U.S. lead in one area, its policies…

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