Alan Greenspan wants inflation. The problem is: he's going to get more than he's bargaining for.
What's He Thinking?
Monday, March 29, 2004
On the FOMC Statement
Tuesday, March 16, 2004
Healing Old Wounds, Inflicting New Ones
Monday, March 15, 2004
A too-tight Fed ended the boom. A too-easy one won't bring it back.
Dollar Rally: What It Is, and What It Isn't
Thursday, March 4, 2004
The dollar move suggests only that we might avoid the worst-case inflationary scenario.
A "Real" Dollar Rally? Don't Bank On It
Thursday, February 19, 2004
Until the Fed reverses its inflationary course, the dollar is headed nowhere but lower.
Output Gap Fallacies
Friday, February 6, 2004
Another jobs report, another bad excuse for the Fed's flirtation with disaster.
Good News, Bad News
Thursday, January 29, 2004
The Fed takes a step in the direction of sanity -- if only a small one.
Don't Worry, Be Happy?
Tuesday, January 27, 2004
Is the Fed inevitably facing the constraints of reality?
Dollar, Euro, Gold, Fed, ECB
Tuesday, January 20, 2004
For all the fireworks last week, one truth remains: the Fed is too easy.
Bond Bubble Sure To Burst, But When?
Tuesday, January 13, 2004
A questionable jobs number has given the bond market a questionable reprieve.