Some Common Cents for November 4th, 2016

November 7, 2016, by John Norris

This week, a client told me my recent newsletters have taken the tone of a frustrated poet. I laughed and told them there was an element of truth to that. After all, the markets seem to be paying attention to only two things at present: 1) the Federal Reserve, and; 2) the Presidential election. How much more insight can any one individual provide over the reams of paper commentators, including yours truly, have already devoted...

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Some Common Cents for May 20th 2016

May 23, 2016, by John Norris

I can’t remember with certainty all the various Literature courses I took in college, but it safe to say it was more than the core curriculum required. In truth, we didn’t have a lot of patsy, easy A type classes with which to pad the old GPA, and those we did have normally didn’t carry the same number of credit hours. As a result, the school pretty much required you to attempt to learn something...

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Fed raising interest rate isn’t major concern

June 23, 2015, by John Norris

The Federal Reserve met this week, and, as far as I can tell, it pretty much telegraphed a rate increase in September. What will this mean for the US economy? If one 0.25 percent increase in the target overnight lending rate between banks causes the U.S. economy to swoon, guess what, it was going to do so anyhow. In and of itself, the upcoming change in monetary policy is simply an admission of the obvious:...

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Common Cents for September 14th 2012

November 1, 2012, by John Norris

Yesterday, the Federal Reserve another round of what it calls ‘quantitative easing.’ This is an academics way of saying: “buying bonds with money the Fed created as though out of thin air.” Obviously, the former sounds a little more sophisticated and mysterious than the latter. Shoot, if Larry the Cable Guy were to describe quantitative easing, he would say something along the lines of: “You see, it’s when these guys buy up all this stuff...

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