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Self-Fulfilling Yield Curves
New York – Happy summer. Much has changed in the markets since the last meeting of the Federal Open Market Committee several weeks ago....
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Aug 26, 20196 min read


Liquidity Traps and Interest Rate Ceilings
Grand Lake Stream | During our fishing trip to Leen's Lodge last week, there was a lot of discussion about the markets and whether the...
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Jun 26, 20185 min read


Banks and the Fed's Duration Trap
Atlanta | Is a conundrum worse than a dilemma? One of the more important and least discussed factors affecting the financial markets is...
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Nov 30, 20175 min read


One & Done: Fed Rate Hikes End in June
“Stock prices have reached what looks like a permanently high plateau." Irving Fisher October 1929 This Thursday The IRA’s Christopher Whalen will be in Washington to participate in an event at Cato Institute, “Financial Crisis and Reform," We'll talk with Cato's Ike Brannon about whether enough has been done to “fix” the problem, real or imagined, with Fannie Mae and Freddie Mac. The question posed by the title of the Cato Institute panel suggests that Washington has th
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Jun 11, 20176 min read
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