This morning Ben Bernanke, Chairman of the Federal Reserve (the US central bank aka the Fed), delivered his semiannual report on monetary policy to Congress. During the report, Bernanke said, “the possibility remains that the recent economic weakness may prove more persistent than expected, and that deflationary risks might reemerge, implying a need for additional policy support.” … Continue reading The Game Must Go On
Greece has received a lot of publicity since its financial problems surfaced last year. And yet it seems like many people still don't think Greece's problems are all that important. For example, last week I heard a popular financial radio host basically ridicule the notion that Greece's financial issues could affect America. His reasoning was that Greece's economy is tiny compared to the Eurozone or the … Continue reading Big Trouble in Little Athens
Last week in San Francisco, the weather forecast was calling for a slight chance of showers north of the city, most likely around noon. In the heart of the city, while grabbing my morning cup of coffee, I was getting drenched because I thought I wouldn't need an umbrella. That got me thinking about "Navigate the Noise," a book by Richard Bernstein. He wrote that people seem to pay … Continue reading There’s a Forest Up There
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