…the Air Force asked him why he had put armor in places that had never suffered any damage, he said, “the bombers hit in these places never come back.” The…
…and said that waiting to hike could put the economy at risk of over-heating. The market based estimates for a hike in September doubled from a 15 to 30 percent…
One of the big concerns coming out of the financial crisis was runaway inflation. Central banks around the world were buying bonds on a massive scale, which is effectively equal…
…most liquid common stocks and corporate bonds issued by non-financial companies. Initial versions of the regulation left municipal bonds out completely, but some changes recently introduced by the Federal Reserve…
…in the coming years. A number of sectors and industries saw dramatic changes, from the -10 to -25 percent losses in hospital stocks to the sharp gains in banks, biotech,…
…time, markets tend to go up over time; not because there is something special about indexes or round numbers, but because they represent ownership in businesses. As long as companies…
…a bit of that going on with Taylor’s claim that his model would have been better, but abnormally low levels of interest rates do distort asset prices and bubbles are…
…about higher rates is that it will increase borrowing costs for companies and consumers. I don’t want to get too wonky here, but higher interest rates also affect how many…
…spending by decade for retirees, and it shows something we all understand intuitively and that we’ve seen for decades: people spend less as they get older. Part of what caught…
…that deep dive this month, starting by looking at the inflation rates across the major categories. As a reminder, let me first show the weights of the major categories, and…
