And Here We Go…
By Jeanette Garretty August 8 2019 – It’s not good when the online site for the Wall Street Journal features inch high headlines that resemble a supermarket tabloid. Yuan Plunges!! Global Stocks Fall! Giant Asteroid Heads Toward Earth!! Okay, that last one wasn’t on the front page of the Wall Street Journal, but only because […]
Life Is Simple . . . Until It’s Not
By Jeanette Garretty June 7 2019 – Veteran observers of the Federal Reserve (aka “Fed Watchers”) know that the lodestar of monetary policy is the Fed’s unflinching commitment to its long-established, Congressionally-directed mandate: “ . . .to support three specific goals: maximum sustainable employment, stable prices, and moderate long-term interest rates.” www.federalreserve.gov There are many […]
Dancing with Elephants: US-China Trade Negotiations At An Impasse
By Jeanette Garretty May 16 2019 – In 1942, George Balanchine asked his friend Igor Stravinsky to compose a ballet for the Ringling Bros. and Barnum & Bailey Circus elephants. The “Circus Polka: For a Young Elephant” was performed in the Spring of 1942 – to great acclaim — by fifty elephants in pink tutus […]
Deficit Attention Disorder
October 1 2018 – The federal budget deficit numbers released by the Treasury Department on October 15 were not exactly a surprise. Economists and analysts such as the Congressional Budget Office and the Committee for a Responsible Federal Budget have predicted for months that the 2018 fiscal year deficit would widen, potentially sharply, as a […]