Tag Archives: Federal Reserve

QE3 is a Mistake

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The Fed made a mistake today in launching QE3. This is not just my opinion. It is the overwhelming opinion of America’s CFOs. In the Duke University-CFO Magazine Global Business Outlook Survey released September 10, 2012, we asked a key … Continue reading


The Ghost of Paulson-Past

What we saw yesterday was more of the same. I was flabbergasted that the plan was so light on details. They have had 3 months to put something together and the best they could deliver is a 7-page fact sheet. … Continue reading


Fed Running Out of Bullets

Image courtesy of MicksGuns.com

“Fed To Hold Rates Near Zero” is the news headline today. It is not really news. What were they supposed to do? They can’t increase the rates. Zero is as low as you can go. There were about six notable … Continue reading


Brother, Can You Spare a Trillion?

The (in)famous Credit Default Swap (CDS) market provides the market’s best guess that an issuer will default on its debt. A low spread is good. A high spread is bad. Check this out. Campbell Soups’ (no relation!) CDS is less … Continue reading


The Helicopter Drop

Image courtesy of flickr/Michael M.

In case you haven’t noticed, we are in a deflation. Over the past four months, the U.S. CPI is running at negative 7% on an annualized basis. While it is true that much of that decrease is a direct result … Continue reading