For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.
Artis Shepherd
Artis Shepherd is the Founder and Managing Partner of a private equity firm based in the Dallas-Fort Worth area, and previously worked for a sovereign wealth fund in the Middle East overseeing their hospitality investments in Europe, Africa, and Asia. He has a BS in Computer/Electrical Engineering from Purdue University and an MBA from the University of Chicago (Booth) Graduate School of Business. He publishes content at MTSObserver.substack.com.
Latest work
With much consternation, capital markets participants are watching US treasury bond yields go up while Jerome Powell and the Fed continue to lower the Fed Funds Rate in an effort to spur another round...
Commercial real estate continues to suffer despite the Federal Reserve’s attempt at ameliorating the capital markets with a 50-basis point rate cut in September. The pain is especially apparent in the...
