Of course the economy has improved slightly -- but the Fed remains bent on inflation.
David Gitlitz
Sorting Out the Spreads
Monday, April 27, 2009
High yield spreads say the worst is over, but they're not yet fully predicting recovery.
International Funny Money Fund
Friday, April 17, 2009
SDRs are inflationary helicopter money, and IMF aid does more harm than good.
Transmission Not Broken
Tuesday, March 31, 2009
Inflation can take hold even in a sluggish and credit-impaired economy.
Taking It Up A Notch
Friday, March 27, 2009
TALF 2.0 makes the Fed's balance sheet both bigger and stickier.
China Calling
Tuesday, March 17, 2009
Changing Chinese demand for Treasuries impacts both the bond market and inflation.
TALF -- The Fed Gets One Right
Friday, March 6, 2009
The Fed is making the securitization market an offer it can't refuse.
We Can Build on This -- But How High?
Friday, February 27, 2009
They won't let the world end. But today's anti-growth politics limit the upside.
Treasury Won't Bail Out the Fed
Tuesday, February 17, 2009
Their obscure partnership won't keep the Fed from having to inflate our way out of crisis.
The Dollar: The Tallest Pygmy
Thursday, February 5, 2009
If the dollar is so strong, why is gold even stronger?