Back at the end of Ben's term as Chairman he sat down for a little fireside chat at the Brookings Institution. And during the discussion he was asked about his belief in the efficacy of QE. His response, which elicited a huge round of laughter, was "well, QE works in...
A parade of very bright academics, policy makers and market practitioners have warned the FOMC not to raise rates tomorrow. For example, our professorial friends Larry Summers and Ken Rogoff have argued quite vehemently that removing accommodation at this point risks...
Here are the opening lines from that 1976 classic by Thin Lizzy "The Boys are Back in Town": Guess who just got back today Them wild-eyed boys that had been away Haven't changed that much to say But man, I still think them cats are crazy It's two days into the post...
From 2010-2014 we at Jefferies argued quite strongly that the QE policies from the FOMC would work to reflate US risk asset markets, in particular US stocks. And to be sure, during that 5 year period we encountered our fair share of QE haters. Early on, the hater view...
Although I think the debate on a Sep, Oct or Dec liftoff could be one of the most banal in Fed watching history, I understand that many investors feel differently. There are plenty of folks who have no choice but to keep an allocation to US assets - and hence a month...
This will be my fourth commentary of the week, which I think may be a record. However, given the extraordinary price action, an excessive quantity of verbiage has sadly been necessary. And please remember, my number one rule is to only write when there is something...
This will be my fourth commentary of the week, which I think may be a record. However, given the extraordinary price action, an excessive quantity of verbiage has sadly been necessary. And please remember, my number one rule is to only write when there is something worthy of your time. That said, I do believe […]
