Posts filed under “Federal Reserve”
Stan Druckenmiller is betting on the unexpected. With one of the best long-term track records in money management, he is anticipating three surprises: Improving economy in China, Rising oil prices, and no Federal Reserve interest rate increase in 2015.
Stan Druckenmiller: Zero-Interest Rates Unnecessary
Dear Ben, If I might be so bold as to assume we can be on a first-name basis, let me be among of the first to say, congrats on the new gig! You have been quite the busy ex-Fed chairman, what with the new job and office at Brookings and a red hot new eponymous blog. Today we learned you entered into…Read More
From Torsten Sløk, Ph.D.: When I discuss the timing of Fed liftoff with clients it is essentially a debate about how much weight the FOMC puts on inflation and how much weight they put on the unemployment rate. If you believe they put a high weight on inflation, then they will not raise rates anytime…Read More
Source: BAML, Fiscal Times I have been fairly agnostic on several issues related to where interest rates are heading. It has never been my job to forecast where the 10-year yield will be in six months. Not predicting and not caring are two very different things, however. Rates matter a great deal — to investors, to the economy…Read More
Of all the maddening things about this month’s Federal Open Market Committee meeting, perhaps the single most annoying is the hoopla surrounding the so-called dot plot. It even has its own Twitter hashtag: #Dotplot. The dot plot is a chart that shows the expectations of each FOMC member — absent their names — for where they believe the…Read More
The Fed – Drunken Coxswain of the SS America Paul L. Kasriel The Econtrarian, March 17, 2015 Back on January 25, I penned a piece entitled “The Fed – Lucky or Smart?”. In that commentary I argued that the Fed was managing the supply of total thin-air credit, i.e., the sum of commercial…Read More