Monthly Archives: December 2013

Happy New Year!

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3 Leftovers from Wednesday’s FOMC Meeting

Here are a few moments from Wednesday’s FOMC press conference that stuck in our heads, all from Ben Bernanke’s comments in his last Q&A as Fed chair:

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“Pot Calling the Kettle Black” Classic: Fed Researchers Slam Dishonest Economists

An economist recently recommended that I read a paper by three Fed researchers titled: “Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis.” It was presented at a major conference last … Continue reading

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If You Don’t Trust the Fed, Here’s an Inside View That Confirms Your Worst Suspicions

Earlier this year the notion that the Fed might modestly taper its purchases drove significant upheaval across financial markets. This episode should engender humility on all sides. It should also correct the misimpression that QE is anything other than an … Continue reading

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Your Guide to December’s FOMC Meeting: Breaking Down the Participants

In “Why the Fed Won’t Taper in December,” we pretended to write the first paragraph of the Federal Open Market Committee’s (FOMC) statement for next week’s meeting. By thinking about the likely mix of upgrades and downgrades to its assessment … Continue reading

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Why the Fed Won’t Taper in December

Post-mortem: After this article appeared on Zero Hedge, reader Rimon commented: September taper was coming as of June meeting and the main reasons it didn’t happen were a) dramatic tightening in financial conditions (front end sell off), b) sharp slowdown in … Continue reading

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In 4 Short Weeks, the Administration Claims Private Sector Effectiveness

As we noted last month, President Obama sat down for an interview with Chuck Todd on November 7 and said: You know, one of the lessons — learned from this whole process on the website — is that probably the … Continue reading

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