Oh man, what a roller coaster ride the financial markets have been. Last week I speculated that the next move by the Fed would be to raise interest rates to fight inflation, since oil is now trading at well over $100 a barrel, commodities have had a huge run, and the Euro hit $1.58. Instead [...]
Entries Tagged as 'macroeconomics'
March 19th, 2008 · No Comments
February 7th, 2008 · 3 Comments
Earlier I mentioned that I don’t understand exactly how the Fed works, so I have started reading up. This link has a very good explanation for those who want the long winded version, for those less patient, I’ll sum it up here:
The Federal Reserve is made up of independent banks and receives no budget appropriations [...]
January 28th, 2008 · 1 Comment
I was trying to explain why the interest rate on my savings account dropped the day after I opened my new online savings account, and how it was directly rated to the fact the Fed cut interest rates. Since I couldn’t offer a cohesive explanation of why, that means I don’t really understand it myself.
So I’ve started [...]
December 6th, 2007 · No Comments
I mentioned that I love to read Robert Kiyosaki articles on Yahoo!, because I hate them so much. On the other hand, I love to read articles by Charles Wheelen articles there, because they are usually pretty good, albeit a little less sensationalist than Bob’s.
He has an article on why limiting free trade in your [...]