The Federal Open Market Committee decided to conclude the reduction of aggregate securities holdings in the System Open Market Account two months earlier than previously indicated.
In every likelihood, the Federal Reserve today is going to join other central banks around the world who have already cut rates. It is the synchronized signal completing the turn from globally synchronized growth into a globally synchronized downturn.
The problem continues to be, I’m sure, is one of perception. Economists, politicians, and mostly central bankers have been saying for years that the real economy is the one you see in the unemployment rate. Things are booming. The labor market is awesome, even epically tight. Between last year and this year, going by the […]
What took place last year qualifies as a big deal in the world of central banking and moneyless monetary policy.
Small businesses on the precipice need only one small shove to go over the edge, and there won’t be replacements filling the fast-multiplying empty storefronts.As a generality, the average employee (including financial pundits) has no real experience o…
Lots of gloating this morning as the Conference Board’s Consumer Confidence Index, AKA the ConCon Con, blew away Conomists expectations with a reading much higher…
The circus is back in town and it’s putting on a major show, the rate cut show.
As an economic system, even the most committed socialists had come to realize it was a failure. What ultimately brought down the Soviet Union wasn’t missiles, tanks, and advanced air craft, it was a simple thing like bread. You can argue that Western military spending forced the Communist East to keep up, and therefore to […]
As outlined this weekend put call ratios are fairly low and benign going into this week’s Fed meeting. No worries. Investor positioning? All in long it appears. One indicator combination of interest, […]
The Fed has long espoused that rising stock prices drive real business investment. As part of that, low interest rates are supposed to stimulate both…