Bond Trading at the Fed

One of the Federal Reserve’s “temporary emergency lending facilities” is being wound down! As announced on Wednesday, all assets purchased under the Secondary Market Corporate Credit Facility (SMCCF) are expected to be sold. The nearly $14 billion facility holds approximately $8.5 billion corporate bonds, plus various bond Exchange Traded Funds (ETFs) valued at approximately $5.2 billion.

Kashkari Said What?

Right now there’s a big debate happening in economic circles about, is the economy overheating with all of this fiscal stimulus, are these higher inflation readings here to stay or not.

Followed by:

I don’t think they are here to stay because I believe we are going to bring women back into the labor force and workers who have been displaced, but if we fail to do that, then these high inflation readings would become a lot more concerning because then it would signal we are overheating the economy.

Pregnant Woman Tries to Comply with Police Orders, Then the Cop Attacks Her

Last June, Arkansas resident Nicole Harper was driving near Jacksonville, Arkansas when Arkansas State Police trooper Rodney Dunn pulled in behind her and signaled to her to pull over.

Nicole Harper then did exactly what the Arkansas Driver License Study Guide tells drivers to do: she slowed down, put on her hazard lights, and looked for a safe place to pull over. Since the highway shoulder was very narrow at that location, Harper began to drive toward a exit ramp.

Gayle Brekke
Gayle Brekke

Gayle Brekke is a Fellow of the Society of Actuaries and has nearly twenty years of experience as a health actuary an

Why Stimulus Does Not Stimulate

Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the difference, and the central bank prints the difference and buys up the debt. But does that increase the production of useful things? To answer this, we look at an unlikely friend, Keynes and his General Theory.

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