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: monetary policy
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…
Mike Smitka …Gold is for Fools… The case for commodity metals as an investment must rest either on a supply/demand story or on expectations. Now…