Quantitative Easing

The Fed Wimps Out

September 17, 2014

As widely expected (at least since Jon Hilsenrath’s public prognostication yesterday), the Fed decided not to change the language in its press release this afternoon.  [...]

Bonds and Borrowed Time

July 24, 2013

Bond market investors had a tough first half. When interest rates rise, bond prices fall. This is confusing for a lot of folks, so imagine you own a ten-year treasury note [...]