Has the Fed policy dead end been reached? If the Fed decides to lower interest rates, they will get more paper wealth as a stock and bond rally takes hold. However, some argue that the bond rally in a rate-cut scenario would be short-lived because bond investors will view it as an opportunity to dump more treasuries at a better price than two months ago. The rejection of treasury bonds by foreigners who may decide not to show up for...
Read More
Fed policy, in a nutshell, might be a too ambitious title for a piece, after all, what if the Fed is merely improvising monetary policy as it goes along. Some Fed watchers would argue that Fed policy in a nutshell, can be summed up in a few words; that the Fed is clueless, monetary policymakers are making it up off the cuff So a growing number of Fed watchers are questioning the Fed’s foresight. Cast your mind back to this time...
Read More
Recent Comments