Tag: Federal Reserve

Greatly Inflated Expectations

While the broad economy has continued humming along for the last year or so, so have most people’s ‘inflated expectations’ about the direction of interest rates. Depending on how you look at the numbers, we might be in the best of times or we might be in the worst of them.

Living In A Bubble

It is true that there exists a strong correlation between housing and wages: when wages go up, so do home prices; when wages stagnate, so do home prices. Or, at least, they should. Unless you are living in a bubble…

French ‘Fwise’

In 1850 an economist and philosopher that was soon to meet his demise wrote a pivotal essay entitled “That Which Is Seen, and That Which Is Not Seen”.  This essay was my first introduction to his writings, and I ate up his every word like they were – as Daffy Duck might say – French ‘Fwise’.

Staring Pilot In The Face

“What is truth?” Pontius Pilot asked Jesus. A profound question drenched in irony, considering Truth was staring Pilot in the face. But Pilot’s point is clear: he didn’t believe in absolute truth. Pilot held to relativism.

The Rigged Economy: Federal Reserve Style

As it turns out, the answer is yes. The economy is indeed rigged, but not by the usual suspects. Wall Street isn’t the culprit. Neither is Washington D.C. Corporate America isn’t to blame, either. So who is?

Take No Interest

Recent headlines are focusing on whether or not the Federal Reserve (FED) will raise its key interest rate this year. If they raise rates, the markets may falter. If they don’t raise rates then they may lose credibility (if only!). The financial world is on edge, while most people shrug their shoulders and wonder why the FED even matters.