It's for sure now -- both gold and Greenspan are telling us unambiguously that the Fed "gets it" on deflation.
Gold's Wild Ride
Friday, December 20, 2002
A Lott for Markets to Think About
Monday, December 16, 2002
There are both big positives and big negatives that could emerge from the Lott crisis -- while we wait, there's big uncertainty.
Good as Gold
Friday, December 13, 2002
Stocks were spooked by deflation fears today, but signals from gold and the dollar say "don't worry."
Monday, December 9, 2002
Bush's selection of Snow and Friedman dashes hopes that the administration will adopt a strong pro-growth policy agenda.
Japan: Here We Go Again
Wednesday, December 4, 2002
Japan's anti-deflationary efforts remain mired in politics and incompetence.
Monetary Progress, Fiscal Stasis
Monday, November 25, 2002
The Fed may not know what deflation is, but they know how to fight it. Sadly, the GOP neither knows what growth is, nor how to stimulate it.
A Deflation Dichotomy
Monday, November 18, 2002
The Fed's finally fighting deflation -- but if deflation is already subsiding, then they're making a whole new world of risk.
Better Late Than Never
Friday, November 8, 2002
Fed minutes show policymakers grappling with the specter of deflation risk.
Help is on the Way?
Thursday, October 31, 2002
The market's betting that the FOMC will cut rates next week. Here's why the market isn't more thrilled about that.
Monday, October 21, 2002
The stock market may be "cheap," but deflationary risk and systemic risk-aversion are making it tough to capture the value.