Forget the “patience” and “considerable time”. These two words no longer describe Fed’s attitude toward increasing the near zero interest rate. Last week, Yellen and…
Category: federal reserve
According to New York Times, Apple will be replacing AT&T on Saturday, March 18th. Apple is now one of highest valued companies whose market capitalization…
Last term, I attended an outside lecture by Eric Rosengren, the president of Boston Federal Reserve. What particularly interested me was his statistics on the…
I regularly read a variety of blogs that cover macroeconomic issues. This is an item I picked up from the Economist’s View [also in the…
…chaos, painful chaos… What would happen if Congress refuses to raise the debt ceiling? The answer is chaos, painful chaos that would have horrific short-term…
Mike Smitka …Inaction is the Best Medicine?… The question: can we use an analogy from medicine, that we should treat the disease rather than the…
Mike Smitka …(your) Unemployment is Good! (for me)… Treason is a serious charge; I would hope that a presidential candidate would not bandy it about…