26 November 2016 - 26 February 2017 The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and has teams of economists (self-described) and statisticians, it’s interesting that they can’t even … [Read more...] about Leithner Letter Nos. 205-208
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Leithner Letter Nos. 200-204
26 July - 26 October 2016 Nobel Prize winning economist and former vice-president of the World Bank, Joseph Stiglitz, praised Venezuela’s economic growth and “positive policies in health and education” during a visit to Caracas on Wednesday. “Venezuela’s economic growth has been … [Read more...] about Leithner Letter Nos. 200-204
Leithner Letter Nos. 196-199
26 March 2016 - 26 June 2016 … There cannot be any question of abolishing interest by any institutions, laws, or devices of bank manipulation. He who wants to “abolish” interest will have to induce people to value an apple available in a hundred years no less than a present … [Read more...] about Leithner Letter Nos. 196-199
Leithner Letter Nos. 192-195
26 November 2015 - 26 February 2016 We're delaying a normalization of rates way, way beyond what is prudent. We have a monetary policy that's now in place that was adopted for the crisis conditions of 2008 and 2009. This [northern] summer we're going to be getting the seventh … [Read more...] about Leithner Letter Nos. 192-195
Leithner Letter Nos. 188-191
26 July 2015 - 26 October 2015 The special commodity or medium that we call money has a long and interesting history. And since we are so dependent on our use of it (and so much controlled and motivated by the wish to have more of it or not to lose what we have) we may become … [Read more...] about Leithner Letter Nos. 188-191