Ok, I just read Janet's speech in Chicago today. Holy dovish deepdish pizza batman!! I have no recollection of a Fed Chair's speech where the lives of three down-on-their-luck job seeking individuals were discussed in detail. This is one loving and caring Fed Chair -...
Charlie Evans gave a fantastic speech in Hong Kong today- http://www.chicagofed.org/webpages/publications/speeches/2014/03_28_14__thoughts_accommodative_policy_hong_kong.cfm. I encourage everyone to read it! Charlie has been at the forefront of thinking on...
In Q1 of 2013 Jeremy Stein made a speech on credit market overheating that slipped by most people in the market: http://www.federalreserve.gov/newsevents/speech/stein20130207a.htm. This speech turned out to be the canary in the coal mine portending the taper tantrum...
Janet started out her press conference by saying: "this change in our guidance does not indicate any change in the committee's policy intentions as set forth in recent statements. Rather, the changes meant to clarify how the committee anticipates policy evolving after...
Earlier this week I sent out a commentary entitled "Because I'm Happy" where I discussed a few takeaways from our recent Global Macro Speaker Series event with Larry Summers. Of course, as with everything I write, this represented my interpretations, my inferences and...
I, like most of you, have been bombarded with emails on the Russian military movement into the Ukraine. And I, like most of you, am not an expert on this subject. Thus, it is surprising to me how many folks have sent me such confident analysis on the inner workings of...
A valentine's poem for the lovers: Roses are red Violets are blue Janet's a dove Buy more spoo Last week was certainly a week for the lovers. Q's broke to new cyclical highs, spoos moved to within just a few points of all time record highs, and Friday was St....
Janet highlights - " Too many Americans remain unemployed, inflation remains below our longer-run objective, and the work of making the financial system more robust has not yet been completed" "...the recovery in the labor market is far from complete. The unemployment...
While the establishment data confirms some Q1 softness in labor market conditions, the household survey tells a very different story. From U-3 to U-6, the numbers were very "frisky", with an amazing 500k+ increase in the workforce, and 600k+ increase in employment....
While the establishment data confirms some Q1 softness in labor market conditions, the household survey tells a very different story. From U-3 to U-6, the numbers were very "frisky", with an amazing 500k+ increase in the workforce, and 600k+ increase in employment. The market should take some comfort from the household data especially as the […]
