The Fed Is Lying To Us
The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment
Richard Sylla: This Is An Inherently Dangerous Moment In History
“The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the
Hell To Pay
Those familiar with my writing know I put the word “markets” in quotes because we no longer have a financial system where legitimate price discovery is a regular — or
Ready Or Not…
If risk has been taken from where it belongs and instead shuffled onto central bank balance sheets, or allowed to be hidden by new and accommodating accounting tricks, has it
I Blame The Central Banks
The current bubble in financial assets — in both equities and bonds of all grades and quality — raging in every major market across the globe is no accident. It's
