Politics and the Fed – More Praise?!

We’ve been justifiably critical of the Federal Reserve for over a year now, and long-time readers know that while DKI regularly engages on policy, we don’t take political positions.  Still, we’ve noticed an interesting pattern and thought it was worth pointing out to you. Austan Goolsbee, who was an economic advisor to President Obama, is … Read more

Financial News Outlets Finally Seeing Our Point on Losses at the Fed

Two months ago, we noted that the Federal Reserve held about $9 trillion of assets that are primarily treasury bonds and mortgage backed securities (that the Fed is not allowed to hold).  We wrote that these assets decline in value when interest rates rise, and that if the Fed accelerated the pace of quantitative tightening, … Read more

Squirrels 2 – Central Bankers 0

A squirrel stored 300 pounds of acorns inside a transmitting antenna.  At this point, is there anyone who thinks our debt/money printing/currency debasement regime is superior to a small rodent who saves during the summer so it has food (income) during the winter? The squirrel stocked about 150 kilos of acorns inside the transmitting antenna. … Read more