The “CARES” Act (“Coronavirus Aid, Relief, and Economic Security Act”)

On Friday, President Trump signed into law H.R. 748, the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES” Act. The Act authorizes over $2 Trillion to be spent. As stated in a March 27, 2020 Statement By The President: The Act makes emergency supplemental appropriations and other changes to law to help the … Read more The “CARES” Act (“Coronavirus Aid, Relief, and Economic Security Act”)

Additional Notable Federal Reserve Actions To Address Weakness

On Friday (March 20, 2020) I wrote a post (“Federal Reserve Actions To Address Financial And Economic Weakness“) detailing recently announced Federal Reserve actions intended to address various problematical conditions. These conditions include actual and expected substantial economic weakness, financial instability, and various rapidly falling asset prices. In that post I also highlighted my thoughts … Read more Additional Notable Federal Reserve Actions To Address Weakness

Federal Reserve Actions To Address Financial And Economic Weakness

Recently, the Federal Reserve has taken many substantial actions to address financial market weakness, as well as an actual and expected very large drop in economic activity. In addition to the actions taken by the Federal Reserve, there are various actions taken at the Federal, State, and local levels. These programs are largely still being … Read more Federal Reserve Actions To Address Financial And Economic Weakness

“Taylor Rule” Chart – September 12, 2019 Update

On January 9, 2017 I wrote a post (“Low Interest Rates And The Formation Of Asset Bubbles“) that mentioned the “Taylor Rule.”  As discussed in that post – and for other reasons – the level of the Fed Funds rate – and whether its level is appropriate – has vast importance and far-reaching consequences with … Read more “Taylor Rule” Chart – September 12, 2019 Update

“Taylor Rule” Chart – March 29, 2019 Update

On January 9, 2017 I wrote a post (“Low Interest Rates And The Formation Of Asset Bubbles“) that mentioned the “Taylor Rule.”  As discussed in that post – and for other reasons – the level of the Fed Funds rate – and whether its level is appropriate – has vast importance and far-reaching consequences with … Read more “Taylor Rule” Chart – March 29, 2019 Update

“Taylor Rule” Chart – June 13, 2018 Update

On January 9, 2017 I wrote a post (“Low Interest Rates And The Formation Of Asset Bubbles“) that mentioned the “Taylor Rule.”  As discussed in that post – and for other reasons – the level of the Fed Funds rate – and whether its level is appropriate – has vast importance and far-reaching consequences with … Read more “Taylor Rule” Chart – June 13, 2018 Update

“Taylor Rule” Chart – February 14, 2018 Update

On January 9, 2017 I wrote a post (“Low Interest Rates And The Formation Of Asset Bubbles“) that mentioned the “Taylor Rule.”  As discussed in that post – and for other reasons – the level of the Fed Funds rate – and whether its level is appropriate – has vast importance and far-reaching consequences with … Read more “Taylor Rule” Chart – February 14, 2018 Update

“Taylor Rule” Chart – August 11, 2017 Update

On January 9, 2017 I wrote a post (“Low Interest Rates And The Formation Of Asset Bubbles“) that mentioned the “Taylor Rule.”  As discussed in that post – and for other reasons – the level of the Fed Funds rate – and whether its level is appropriate – has vast importance and far-reaching consequences with … Read more “Taylor Rule” Chart – August 11, 2017 Update

Low Interest Rates And The Formation Of Asset Bubbles

The existence of asset bubbles continues to be among the most critical – and troubling – characteristics of the current-era U.S. economy.  I have written extensively on the subject for a number of reasons, including its monumental importance as well as its poorly understood nature. There are many theories as to why asset bubbles form. … Read more Low Interest Rates And The Formation Of Asset Bubbles

Measuring QE’s Impact

I have written extensively about Quantitative Easing (QE) and Interventions as I believe many aspects of these practices lack recognition and understanding.   My analyses indicate that QE (also referred to as “Large-Scale Asset Purchases” (LSAPs)) in general carries an array of risks, detrimental impacts, and unintended consequences.  It has complex impacts on the economy and markets. Over time, … Read more Measuring QE’s Impact