Browsing Tag

monetary policy

UK home repossessions have soared

That's the title of a UK Telegraph article on a report showing that UK repossession orders have increased to levels not seen since the housing bust of the early 1990s. According to this morning's BBC 5 Live program, "Wake Up To Money," the…

Panic Time at the Fed

Steve Hanke, a libertarian economist who writes for Forbes, argues that the Fed is panicked about the economy in a piece that came out today. He believes they have lowered the Fed Funds interest rate to where inflation is now a problem.…

How we got into this mess

A few days ago Comstock Partners released a Special Report outlining how we got into the economic malaise that is hitting us right now. Their report is spot on in terms of the genesis of our problems being easy money. They also accurately…

Is the Fed reckless?

Recently, on Mar. 18th, the Federal Reserve lowered the Fed Funds rate to 2.25%. In the accompanying statement, the Fed said the following: "Recent information indicates that the outlook for economic activity has weakened further. Growth…

The US Economy 2008

This blog entry is an updated version of something I wrote way back in 2004. I wrote 90% of this 4 years ago when housing prices were much lower. The fact that I can re-publish this today, largely unchanged, demonstrates how the housing…

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