monetary policy

The three-year loans will carry an interest rate initially of the benchmark rate of 70 bp.

In yesterday's lecture, Federal Reserve Chairman rejected the idea that a return to a gold standard is desirable or practical. His pointed remarks come as Republican presidential candidate Ron Paul has fanned ideas in some quarters of the…

This daily commentary is a bronze level post. Today's comment is on financial repression and an FT article by Tony Jackson.

I love Chris Whalen's bank industry analysis. I featured his CNBC commentary yesterday. Today is his commentary from last night's Capital Account.

Happy Friday. Here's a quick gold-level note note on what I think is going on in the markets and the economy right now that I am making freely available. Turning to the paradigm I set out in 2009, the following points frame the secular…

Chris Whalen is a highly regarded banking analyst who has been quite critical of the goings on with banks and their regulators. However, he is very even-handed in his assessment of the Fed's latest stress tests of the largest 19 banks.

The FOMC did tweak its outlook but maintained its pledge to keep rates low through 2014. February retail sales were stronger than expected. Equities rallied sharply as a result and, more importantly, the US Treasury market sold off. With…

This weekly update is a gold level post for members only. There has been a lot of talk in the media of late about financial repression. This newsletter article is designed to explore what financial repression is, what it means for your…

If and when the demand for credit increases, so too will the money supply.

Never known for being easy, the euro and yen seem particularly difficult to understand presently. During such times it is often best to return to basics. Foreign exchange reflects the cost of money. So do interest rates. The relationship…