Please consider Fed Entering Brave New Policy World as Rates Near Normal Levels.

As the Federal Reserve approaches the final stages of monetary policy normalization 10 years after it cut interest rates to zero, it faces the tough task of charting a less certain path while taking incoming fire from President Donald Trump.

“Policy making is easy when you are obviously far away from’’ neutral, said Vincent Reinhart, chief economist at Standish, part of BNY Mellon Investment Management. “It’s much harder when you get into a region where there is a range of disagreement over what neutral is.’’

Policy Making is Easy?!

Reinhart is clearly wrong or it wouldn't have take 10 years just to get to the strange world of normal.

Long Strange Tip


Lately It Occurs to Me

Lately it occurs to me

What a long strange trip it's been.

After 10 years we are close to normal. Don't expect that to last.

Mike "Mish" Shedlock

NatWest Proposes "World's Best Trade", 10-Year Bunds Yielding a Mere 0.29%

NatWest's proposal as to what constitutes the world's best trade shows just how far the mad search for yield has gone.

One Certainty in a World of Uncertainty

FRED, the St. Louis Fed data repository, has added 286 new indicators of uncertainty.

Amazon "Basics" Well Beyond the Basics: World Domination?

Amazon keeps expanding its market share. Its "Basics" program and Amazon "Prime" explain why. Time to bust up Amazon?

World's Highest Rate of Child Detention Under Obama

A UN study shows the “U.S. has world’s highest rate of children in detention". That was under the Obama administration.

Paul Krugman: “Deficits Saved The World”

Dateline August 27, 2009 Paul Krugman: “Deficits Saved The World” Inquiring minds are reading Till Debt Does Its Part

World Dollar Liquidity Crashes as Does Marginal Utility of Debt

Lacy Hunt at Hoisington Management has another sterling post in its third quarter review and outlook.

Greta to the World: Immediately and Completely Divest From Fossil Fuels

Greta Thunberg is at the World Economic Forum in Davos, Switzerland, spewing more climate change nonsense.

Welcome to the New MishTalk

Welcome to the New Mishtalk On The Maven!

World Seriously Needs to Tell Trump "Go to Hell"

The US threatens German companies with sanctions if they continue with Nord Stream 2. This is not our place.