A Fed Game

Posted on: by .

The confluence between the Fed and economic data will ultimately drive Fed monetary policy. It is important to remember that one must not cherry pick the data nor just look at the headline data. Certainly the Fed is delving into the numbers, because if economic headline data were the end-all be-all for setting monetary policy Read more…

Puerto Rico – an objective view.

Posted on: by .

Today Puerto Rico defaults on their first sizable bond payment (approximately $400m). As I write this, I sit in the heart of Old San Juan and if I had a strong enough arm, I could hit the Governor’s mansion with a baseball. I was working yesterday (Sunday) at the office as the protesters took to Read more…