The Federal Reserve System, more commonly known as the "Fed," is the central banking system in the United States. As the term "central" implies, the Fed is the bank for other banks. As such, it plays a very important role in maintaining the stability of our financial system. Like other banks, the Fed basically uses a combination … Continue reading Where are the Fed’s Reserves?
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
