Tag Archives: Economics

Does/Should the Fed Care About the Stock Market?

Once upon a time, in another millennium, I worked at the Federal Reserve Bank of New York. It was during the reign of Chairman Volcker, first of his name. One thing I did was prepare statistical packages for the officers … Continue reading

Posted in Credit, Economics, Equities, Investing, The Fed | Tagged , , , | Leave a comment

Missing the Forest for the Trees

There is a tendency among market commentators to seize upon a data point and declare that hellfire and brimstone are about to come raining down. They blow things out of proportion. They see fire when they should be on the … Continue reading

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Posted in Consumer Credit, Credit | Tagged , | 1 Comment