Economy
The Federal Reserve Plays the Blame Game
The Federal Reserve finally has it all figured out. A brief paper by Yi Wen, Assistant Vice President and Economist at the St. Louis Federal ……Read More
Business
Markets
The Benefits of Ending Currency Manipulation
Since the United States trade balance turned negative in the early 1990s, the situation has improved very little, except during the period since the middle ……Read More
Economy
How Healthy is the Construction Sector?
Spending on construction, while up from the depths of the Great Recession, is still just about at its pre-recession levels, particularly when one looks at ……Read More
Economy
Corporate Managed Earnings Don’t Believe Everything That You Read
A paper by Ilia Dichev, John Graham, Campbell R. Harvey and Shiva Rajgopal entitled "Earnings Quality: Evidence from the Field" provides investors with some interesting ……Read More
Markets
Why The Fed Must End QE
While the Fed's monetary experimentation with three episodes of quantitative easing and one iteration of Operation Twist has only provided the economy with a modest ……Read More
Markets
The Federal Reserve’s Bond Market Distortion
In its most recent statistical release, the Federal Reserve gives us a detailed inventory of their massive balance sheet which has grown to levels that ……Read More