Money and Finance
- Hoisington Q3 2013 Letter
The Fed’s capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation. The Fed showed great resolve in containing...
- Federal Reserve Policy Failures Are Mounting - By Lacy Hunt
Found via Zero Hedge. The Fed's capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation; the Fed showed...
- The Absolute Return Letter - July 2013: Much Ado About Nothing
The growing presence of political incompetence is beginning to annoy the world’s central bankers. The Bank for International Settlements (the central bank of central banks) has sharpened its knives, but BIS cannot have it both ways. Simultaneous de-leveraging...
- The Yield Hunt - By Michael Lewitt
Anyone who does not understand that the price of every stock and every bond is being artificially altered by the fact that interest rates are being manipulated by the Federal Reserve should not be risking any money in the markets. Monetary policy has...
- Richard Fisher On Bloomberg (video)
Aug. 8 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher talks about monetary policy and the potential risks of additional economic stimulus. He speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance. ...
Money and Finance
We Are Sailing Deeper Into Uncharted Waters - By Richard Fisher
It will come as no surprise to those who know me that I did not argue in favor of additional monetary accommodation during our meetings last week. I have repeatedly made it clear, in internal FOMC deliberations and in public speeches, that I believe that with each program we undertake to venture further in that direction, we are sailing deeper into uncharted waters. We are blessed at the Fed with sophisticated econometric models and superb analysts. We can easily conjure up plausible theories as to what we will do when it comes to our next tack or eventually reversing course. The truth, however, is that nobody on the committee, nor on our staffs at the Board of Governors and the 12 Banks, really knows what is holding back the economy. Nobody really knows what will work to get the economy back on course. And nobody—in fact, no central bank anywhere on the planet—has the experience of successfully navigating a return home from the place in which we now find ourselves. No central bank—not, at least, the Federal Reserve—has ever been on this cruise before.
- Hoisington Q3 2013 Letter
The Fed’s capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation. The Fed showed great resolve in containing...
- Federal Reserve Policy Failures Are Mounting - By Lacy Hunt
Found via Zero Hedge. The Fed's capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation; the Fed showed...
- The Absolute Return Letter - July 2013: Much Ado About Nothing
The growing presence of political incompetence is beginning to annoy the world’s central bankers. The Bank for International Settlements (the central bank of central banks) has sharpened its knives, but BIS cannot have it both ways. Simultaneous de-leveraging...
- The Yield Hunt - By Michael Lewitt
Anyone who does not understand that the price of every stock and every bond is being artificially altered by the fact that interest rates are being manipulated by the Federal Reserve should not be risking any money in the markets. Monetary policy has...
- Richard Fisher On Bloomberg (video)
Aug. 8 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher talks about monetary policy and the potential risks of additional economic stimulus. He speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance. ...