Bad Fundamentals are No Fun

April 11, 2016 Last week I used a football metaphor to discuss Fed policy changes. It got me thinking further about the importance of fundamentals, both in sports and in business. Generally speaking, those with the best fundamentals are usually succeed. It’s true...

You Can’t Audible Out of Bad Policy

April 4, 2016 In football we see quarterbacks regularly audible, or change the original play, when they think the original idea won’t work. Those who do it often, like Peyton Manning, are often praised for their intelligence because they recognize a flaw and adjust....

Strong Dollar Six

March 28, 2016 The strong U.S. dollar can be joyous or full of despair, depending on your point of view. For vacationers, the strong dollar is great because it goes further overseas. But what does the strong U.S. dollar mean for businesses? This is where the despair...

Beware the Potential Stagflation

March 14, 2016 This month’s policy meeting will mean a difficult decision for the Fed – does it raise the federal funds rate or leave it unchanged? The Fed’s Board of Governors wants to raise rates, and has wanted to for some time. The Governors finally did it last...

From ZIRP to NIRP

March 11, 2016 This post’s title might make you think I’m losing my sanity or living in a fantasy world. I assure you, I’m not. ZIRP and NIRP aren’t imaginary goblins, though they can be scary. They’re monetary policies, and they’re in effect around the world. A...