Bernanke Forecast Implies Tough Policy Choices in 2010
A very brief video clip of Federal Reserve Chairman Ben Bernanke announcing that the recession is over has been seen on nearly every nightly newscast this evening. What is more relevant are the comments Mr. Bernanke made prior to stating ...
Warren Buffett on “Greenback Emissions”
Warren Buffett's latest op-ed article in the New York Times warns about a surge in "greenback emissions" which could result in high inflation over the next several years. This is not Mr.Buffett's first warning about inflation. In his latest annual ...
James Grant Comments on Fed Policy and Interest Rate Outlook
James Grant, publisher of Grant's Interest Rate Observer, appeared on CNBC today and commented on Federal Reserve policy and his outlook for interest rates and inflation. I found the following quote to be particularly interesting. Interested readers should view the ...
Highlights from Berkshire’s 2009 Annual Meeting
I made the trip to Omaha this weekend for the 2009 Berkshire Hathaway Annual Meeting. This was my first trip to Omaha since 2005 and attendance at the meeting has grown considerably over the past few years. I still remember ...
Series I Bond Composite Rate Falls to Zero
The Bureau of the Public Debt has announced an earnings rate of 0% for Series I Bonds issued between May 1, 2009 and October 31, 2009.  The fixed rate (also known as the real return) of new Series I Bonds ...
Inflation Expectations
One of the interesting effects of the turmoil in financial markets since September involves the level of implied inflation expectations embedded within the market prices for Treasury Notes and Bonds. This is a very interesting development given the Federal Reserve's ...