Markets

The very concept of negative interest rates seems counterintuitive.  After all, why would you pay someone to hold your money for you?  It intrinsically seems ……Read More

In a recent posting, I looked at how demographic changes in the United States would have a long-term impact on housing prices.  As baby boomers ……Read More

Switzerland National Bank's (SNB) recent announcement that they were allowing the value of the Swiss franc to float upwards against the euro, discontinuing the ceiling exchange ……Read More

The announcement that the Swiss National Bank (SNB) was allowing the Swiss franc to "readjust" in value took the market by storm.  Switzerland had long ……Read More

A speech by Jeremy Stein, former Governor of the Federal Reserve Bank of St. Louis looks positively prescient, particularly as interest rates appear to be ……Read More