Scott Sumner at the money illusion blog has been writing some interesting stuff about negative rates and policy. I was
As i see it, the Fed is still unlikely to raise the funds rate this year or next – and
The revisions that came with the March IP report were significant, and it now looks to me that the US
The forecasts attached to the Fed’s Jan minutes are a little strange. They show a slight increase in the central
The risk of the USA slipping into deflation is a lot higher than most people think. Current headline and core
Though it is about preperation for a tightening, the discount rate increase is not tightening. I think it more likely that the fed will be buying more assets to prop up M2.
I’m feeling very bearish. Lots of bad things happened on Friday night. China tightened reserve requirements, the EU is on