Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End
byThere are strong indications that the remarkable run up of asset prices in the last few years is beginning to run out of steam…
Economics
The Economist discovers the Entrepreneur.
byIn its latest edition, in a piece entitled ‘Monetary policy: Tight, loose, irrelevant’, the ineffably dire Ekonomista considers the work of three members of…
Fed introduces new economic indicator to better assess the labour market
byEconomists at the Federal Reserve have devised a new indicator, which they hold will enable US central bank policy makers to get better information…
Ten problems, or just one?
by“Sir, The next financial apocalypse is imminent. I know this to be true because the House & Home section in FT Weekend is now…
A market reset due
byRecent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency…
Market failure
by“There are two ways of learning how to ride a fractious horse; one is to get on him and learn by actual practice how…
Is an increase in capital goods orders always good for the economy?
byOrders for US non-military capital goods excluding aircraft rose by 0.6% in August after a 0.2% decline in July to stand at $73.2 billion….
The velocity myth
byIf there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity…
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
byThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were…
A black mark for benchmarks
by“Sir, So Ed Miliband “forgot” to mention the deficit. This from a man who was a key member of the team that ran up…