Bill Bonner wrote a hypothetical college graduation speech which he did not present. What he would have said included: 561 more words
Tags » The Fed
In this era of unprecedented, global monetary stimulus, markets hang on every word central bankers utter.
Central bankers, however, are less interested in financial markets. If you ask Janet Yellen, for instance, she’d say that the stock market is one “transmission mechanism” through which monetary policy affects the real economy. 780 more words