My Two Cents About Pennies

Expensive for the U.S. mint and worthless to consumers, the penny still remains a part of the U.S. money supply although phase-out laws have been proposed.…

Humor in Fed Transcripts

Below, just a reminder of one piece of the Great Recession before looking at the Fed transcripts. Lehman Brothers is the orange line.   With a typical 5-year lag, the transcripts of the 2008 Fede…

Financial Markets: Data Matters

Because of a Fed “flub,” data has been in the news lately. First, though, let’s look at a Bureau of Labor Statistics (BLS) data story. On a Thursday during 1998, a Wall Street econom…

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