Ben Bernanke

Yellen To Wall St: It's Christmas In September So Buy, Buy, Buy!

"I’m now firmly in the camp that not only will the Fed not raise this year – they may not raise again for years. For they are not only “painted into a corner” via their own misdoings – they are chained there by Wall Street. They’ve missed the window..."

Donald & The "Maestro"

A Clinton Presidency would assuredly mean a continuation of the ruinous policies of Greenspan and his successors.  The election of Donald Trump could not only mean a new direction in monetary policy, but the public demotion of the likes of Alan Greenspan who will hopefully fade into the sunset never to be heard or seen from again.

Ken Rogoff’s Government Debt Default Plan

Ken Rogoff is by all accounts a brilliant man. The Harvard professor and former IMF chief economist is a chess grandmaster. His thesis committee included current Fed vice-chair Stanley Fischer. But like many survivors of Ivy League hoop jumping, the poor fellow appears to have emerged punch drunk. That’s the only conclusion to be drawn from Rogoff’s new book, The Curse of Cash , which, in effect, proposes a ban on paper currency.

Taper Tantrum II: "There's No Simple, Painless Solution"

It is time for central banks to start acknowledging their limitations, and doing so by acting and not talking about their future intentions. It is also time for investors to stop believing that central banks had the answers to begin with.

"Last September Yellen Decided To Stay On Hold; Three Years Ago Bernanke Chose Not To Taper QE3"

Will she, or won't she? That is the question everyone wants answered regarding whether Yellen will hike rates in two weeks time. To be sure, historical precedented is not on the side of the hawks: as Bloomberg's Daniel Kruger reminds us, "Last September in ambiguous circumstances Yellen opted to stay on hold. Three years ago in September Ben Bernanke chose not to taper QE3 bond purchases."

"Dear Fed, Please STFU!"

"We have come to a point in time where you are causing more harm than good... You are once again creating complacency with your words. .. This is damaging to our society.  This is damaging to our culture.  This is damaging to our psyche."

Dear Janet... A Memo From Millennials To The Fed

The Federal Reserve’s long-term influence hinges in part on its ability to convince millennials that its current policies can help push inflation closer to the central bank’s 2% goal. That’s not as easy as it sounds, because this cohort has both a different history and current relationship with this economic variable. Why?