No signs of economic sluggishness here. Intermodal rail traffic notched another new 7 month high as year over year growth came in at 6.3% for the week ending November 9th. [ … ]
NY Fed: Household Deleveraging is Decelerating
The NY Fed has a nice new report on the pace of household deleveraging. The Balance Sheet Recession has come to a close right on schedule: “Rising nonmortgage balances, combined [ … ]
A Wise Way for the Fed to Taper
In a piece in yesterday’s Wall Street Journal John Hilsenrath discusses how the Fed might move next: “There are several ways they could strengthen their message. One idea under discussion [ … ]
Are we in a Stock Market Bubble?
There’s been a lot of bubble talk in recent weeks. Actually, there’s been a lot of bubble talk in recent years. The word “bubble” gets tossed around an awful lot [ … ]
An Insiders Look at QE
Here’s a pretty eye opening and important piece from yesterday’s Wall Street Journal. It’s by Andrew Huszar who managed the Fed’s $1.25 trillion MBS program in 2009-10. He says [ … ]
Hatzius: Baseline for Taper is March, 2014
Jan Hatzius was on CNBC this morning discussing the endless debate about the start of the “taper”. Hatzius says the most likely announcement of the taper is the March meeting. [ … ]
Scott Sumner Declares Keynesianism Dead
Sorry Keynesians. Time to take your ball and go home, losers.
The Fed’s Dilemma
Another good excerpt here from John Mauldin over the weekend. This time he’s passing on some thoughts from Ray Dalio and Bridgewater discussing the Fed’s Dilemma with QE, the impact [ … ]
What If Barack the Government Job Slayer had Been More Like Reagan the Government Job Creator?
Okay, I think we can all agree that the participation rate is a sign that the economy is weak and the credit crisis was devastating. There’s no denying that. But [ … ]