The funds rate has been trading below 1% for weeks, and the Fed has moved beyond rate-targeting anyway.
1% and So What?
Wednesday, October 29, 2008
The Fear Trade
Friday, October 24, 2008
Fear got us into recession, and fear is going to keep us from getting out of it.
Regime Change at the Fed
Tuesday, October 14, 2008
Interest on reserves could either accelerate or prevent inflation -- it depends on how the Fed handles this powerful new tool.
I Knew Japan -- You Are No Japan
Thursday, October 2, 2008
With the Fed ultra-easy, there's no way the US is going down Japan's deflationary road.
Fear Itself, Volume 2
Tuesday, September 23, 2008
Even the most aggressive rescue plan isn't likely to avert recession at this point.
How Tough is Ben's Tough Love?
Tuesday, September 16, 2008
The Fed has eschewed bailouts. Can the FOMC resist a pointless rate-cut today?
Monday, September 8, 2008
The takeover heals near-term crises, but raises serious long-term questions.
Perception, Election, Reality and Risk
Friday, September 5, 2008
Bleak sentiment is way overblown -- but some real risks are getting closer and closer.
Deflation? Surely You're Joking
Thursday, August 21, 2008
Inflation pressures are still intense, despite falling commodities and slower growth.
Dollar/Euro, Fed/ECB, Gold/Oil: Keeping It All Straight
Monday, August 11, 2008
Apparent dollar strength is likely a trading aberration, not a sustainable trend.