Monthly Archives: August 2012

Doubts are growing that the Fed may ease next month. Richard Fisher, Federal Reserve Bank of Dallas president, offers insight. Here is a direct link.

Up close it may seem that US bond yields have backed up a lot over the past 5 weeks. As the ECB has floundered to find consensus for the next bank bailout scheme, all hopes have turned back to the … Continue reading →

Anyway the chips may fall, both parties are proposing budget reforms that will necessarily slow spending and growth in America. Short and medium pain is required for some longer term fiscal balance, every which way they cut. Here is a … Continue reading →