My guess is by the time this missal wings its way through cyberspace to your computer, phone, etc., the investment world (media in particular) will have shifted its attention to ‘bad inflation‘ and the prospects for higher interest rate increases on the part of ‘inflation watchdog’, the United States Federal Reserve Bank. These are indeed…
Tag: inflation
Session 103–“Investors double down on dumb idea”
Before I decipher my title, I need to give well-deserved credit where credit is due. As you know kortsessions.com is all about going after the media on the fear, distrust and misinformation that it continually sows. Sometimes, however, they get it right. One columnist, who seems to pop up often on the right side (as…
Session 60–Mandate 3, “Do No Harm”
The Federal Reserve has a dual mandate: maximum employment ( between 5.2% and 6% unemployment ) and price stability (currently, inflation at 2% or less). After last Wednesday’s decision on ‘the taper’ I think they should take a page from the medical profession and add a third mandate, “do no harm.” I believe the Fed’s…