It's good that there's nothing restrictive about a 5% funds rate -- because the Fed is going even higher.
David Gitlitz
Savings vs. Wealth
Wednesday, February 22, 2006
Savings, in decline for two decades, is a sign of risk aversion. Wealth, at all time highs, is a sign of growth.
Return of the Long Bond
Friday, February 10, 2006
The 30-year gives bond investors a new way to mis-play the inverted yield curve.
Arrivederci, Maestro
Tuesday, January 24, 2006
Greenspan's successors will have to live with a legacy of inflationary risk.
Slowdown?
Thursday, January 19, 2006
The pessimists have been wrong all along, and they're still wrong.
Grasping At Straws
Thursday, January 12, 2006
The rationales coming from the inflation doves don't hold up.
False Positive
Tuesday, January 3, 2006
Inverted yield curves don't cause recessions -- and this one isn't signaling one, either.