Tags » Ben Bernanke

State of the Disunion

Knowing of course that President Obama’s State of the Union speech last night was constructed to be more pep rally than a true accounting, I am still scratching my head over his assertion that 2015 turns a page economically for the US. 457 more words


How CB Does It


The Central Bank’s main method of creating poverty is to control the interest rate. This interest rate is not a market variable. CB has complete freedom of what it can do with this interest rate and no government can interfere with CB’s this action. 765 more words


Good Pending Sales, Home Prices in 2015

The Mortgage Corner

Pending home sales are rising again. Sales picked up steam in November, to 104.8 from a revised 104.0 in October for a better-than-expected gain of 0.8 percent. 422 more words

Weekly Financial News

Celebrating 6 Years of ZIRP

“These walls are funny…enough time passes you get so you depend on them. That’s institutionalized”

Red, The Shawshank Redemption

Earlier this week I was speaking to a young institutional investor whom I had met via my old job. 845 more words

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