Links 6/23/19

Giant Squid, Phantom of the Deep, Reappears on Video NYT. Just in time for Cephalopod Week! Fed Loses Its Patience and Almost Everything You Can Trade Goes Nuts Bloomberg ‘Damn, This Is Bad’: Fire Continues…

Markets Rally on Rate Cut Hopes

Hold aside the obvious contradiction for a moment — Why does the greatest economy ever necessitate rate cuts? — and consider for a moment the effective jawboning at the Federal Reserve. POTUS on down have…

Market Rally on Rate Cut Hopes

Hold aside the obvious contradiction for a moment — Why does the greatest economy ever necessitate rate cuts? — and consider for a moment the effective jawboning at the Federal Reserve. POTUS on down have…

The Fed’s too slow, by Scott Sumner

There are a number of weaknesses to using “central planning” in the implementation of monetary policy. Today we see another example—slow decision-making. Whereas markets move at lightening speed, committees of bureaucrats tend to move quite…