Archive | Federal Reserve

There are no such thing as perpetual-motion devices, Mrs. Yellen

Up until the late 1600′s, before Newton penned his brilliant “first law”, many inventors tried to create what were called perpetual motion machines.   These machines, once set in motion, would literally run forever on a single push.  Or so the theory went.  Needless to say, no one managed to create a source of infinite energy from wood, […]

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The market believes in “magic”

Bloomberg is out today loudly proclaiming Yellen’s victory at stimulating the economy without awakening the demons of inflation. While the Fed scales back the unprecedented stimulus that has inundated the world’s largest economy with more than $3 trillion of cheap cash, the differences between short- and long-term yields of U.S. government bonds indicate that investors are confident […]

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