Archive for the ‘Financial Markets’ Category

A quick note on the Fed meeting and the need for “patience” for a “considerable time.”

December 17th, 2014

As the Federal Reserve Open Market Committee meets today to decide their path for monetary policy, there’s great focus on whether they’ll change a few key words of their guidance language. Specifically, will they drop “considerable time” from the sentence wherein the telegraph their thinking about how long they’ll hold interest rates at around zero? EG,… Read more

My talk to the Roosevelt Institute Campus Network

December 12th, 2014

It was my privilege last night to give the keynote presentation at the Roosevelt Institute Campus Network’s 10th anniversary party. Why me? Because when they started out a decade ago, I recognized what a great idea they had and tried to help a bit. What they’ve accomplished since then is remarkable and gives me hope for… Read more

The budget deal,underpriced risk, and financial market instability

December 12th, 2014

Just a quick note on an aspect of this budget deal that’s in progress—a point I haven’t seen adequately fleshed out, i.e., the connection between what’s happening in real time and future financial instability. First, an update: The House narrowly passed the CRomnibus (Cramnibus?) despite the fact that it had a number of provisions to… Read more

You Go, House D’s!

December 11th, 2014

This may well be out-of-date by the time you read it but as I write it, the House D’s are considering blocking the CRomnibus budget bill proposed by the R majority to keep the gov’t running past its deadline at midnight tonight. Details here, but the R’s went too far by adding in repeals of… Read more