Larry Goldstein: The Fed Decisively Indecisive

I never thought I would say this, so I won’t. I’ll Write it. I’ve always believed that sunshine is the best antiseptic. You could never have too much transparency. That is until I met this FED. “We’re going to raise rates, but we’re data dependent” “ We are going to raise rates soon”. I guess it depends upon the meaning of what soon is.  (I’m coming to believe it’s sooner or later). They’ve been telling us that for more than six quarters… THE FED DECISIVELY INDECISIVE (5/28)

 

 

EPRINC and Macroeconomic Advisers Initiate Assessment of US Oil Price Decline
EPRINC and Macroeconomic Advisers are undertaking an assessment of the broad consequences to U.S. investment and economic growth from the rapid decline in oil prices. The attached paper by Joel Prakken of Macroeconomic Advisers examines two important forces at work from  the oil price decline — the expansion of the national economy and the concurrent reduction in investment in oil and gas extraction. The report concludes that the U.S. will likely see an expansion of economic growth, but it is attenuated by about one-third from lower investment in the U.S. petroleum industry.

MacroAdvisorsJan2015

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