Paul Volcker, Window Dressing (Sadly) [Former Federal Reserve Chairman Paul] Volcker scoffs at the reports that he is losing clout. “I did not have influence to start with,” he said. –Louis Uchitelle, “Volcker’s Voice Fails to Sell a Bank Strategy“; The New York Times(10/20/2009). I don’t have many heroes, political or otherwise. Teddy Roosevelt. FDR....Read More
A *Macroeconomic Overview Back in April, I ran a post called “Real Estate & Inflation” that isolated wage growth as the key to whether any inflationary outbreak would help or hurt real estate (incidentally, that post is now ranked 18th in the world, according to Google). Specifically, if inflation spilled over into workers’ wages, it...Read More
