Monthly Archives: June 2014
Global Drag Threatens Worst U.S. Export Performance in Over 60 Years
Ever since an über-strong U.S. dollar crushed the export sector in the mid-1980s, the U.S. economy hasn’t looked quite the same. Exports picked up towards the end of the decade, helped along by the G-7’s historic 1985 powwow at New … Continue reading
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Tagged business cycles, corporate profits, G-7, Plaza Hotel, recessions, U.S. export growth
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Unintended Consequences of Obama’s Student Loan Policies
So this week, President Obama’s populist, class-warring, shut-out-the-legislature, ignore-the-long-term-consequences romp through every corner of life turned to the education sector. His new policies on student loans include greater access to both payment reductions and loan forgiveness. And, needless to say, … Continue reading
Technical Notes for ‘The Untold Story’
This is an appendix for our earlier post, “Where $1 of QE Goes: The Untold Story.” We’ll describe our use of the Fed’s flow of funds data in more detail, in Q&A format.
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Tagged broker-dealers, depository institutions, flow of funds, interbank lending, QE, repo loans, Tyler Durden
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Where $1 of QE Goes: The Untold Story
“We don’t understand fully how large-scale asset purchase programs work to ease financial market conditions.” – New York Fed President Bill Dudley “I don’t think there’s any doubt that quantitative easing enabled the rich and the quick. It was a … Continue reading
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Tagged Bill Dudley, capital ratios, flow of funds, front running, large-scale asset purchase programs, net lending, quantitative easing, Richard Fisher, risk-weighted assets, Tyler Durden, wealth effect
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