Tag Archive for Ivory Tower

Where Not To Go If Inflation is Real

The Fed likes to strip out the prices of things that are rising in price when it measures inflation, focusing on the “core rate”, rather than the “headline rate.” The core rate excludes food and energy, in other words, the core rate excludes “necessities.” That rate rose by just 0.2% in February, so no problem,…

Cuckoo’s Nest Minutes – FOMC Delusions

Translation of the FOMC meeting minutes is a regular feature of the Wall Street Examiner Professional Edition Fed Report. However, the August meeting was so astounding in its implications that I wanted to share my interpretation of the minutes on wider basis for the purpose of inviting discussion. Please feel free to add your comments…