In 2024, Expect Lower Interest Rates & Lower Inflation

As we entered 2023, households were still flush with the cash from government handouts, the economy was healthy, the federal government was still running a significant deficit, and interest rates, while rising, had not yet been restrictive long enough to slow the economy. Real (inflation adjusted) GDP grew at an annualized rate of 3.0% for […]

The European Central Bank would be wise to avoid QE

The ECB’s go-slow approach to the establishment of a QE program is both rational and laudable. Read: ECB will prime quantitative easing, but far from pulling trigger yet The QE experiments in the U.S. and Japan are far from over.  While “low” inflation is cited as a reason to keep the money creation experiment alive, […]