tag:blogger.com,1999:blog-3758330678390419129.post6750999717318132140..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: A Schiff Shift on Interest RatesRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-72392097819355181862015-09-16T00:37:07.483-04:002015-09-16T00:37:07.483-04:00Mr. Wenzel,
Simon Black over at sovereign man poin...Mr. Wenzel,<br />Simon Black over at sovereign man points out that the highly levered portfolio of the FED will be underwater if they raise interest rates. Black and Schiff insist the FED is caught between the Scylla and Charybdis. You seem sure the FED will choose to hike rates soon. How is Black's thinking wrong. I could see, down the road, MR. Market forcing a rate hike. I see the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66325656160148466032015-09-09T16:35:16.801-04:002015-09-09T16:35:16.801-04:00As you've no doubt read in a recent post by RW...As you've no doubt read in a recent post by RW, the master himself has responded to this subject in his Daily Alert.<br /><br />The following synopsis of RW's position is my own interpretation. I strongly recommend all readers of the EPJ to subscribe to the Alert themselves and get RW's valuable intell without filters or any of my errors and/or omissions. You won't get his Andrewhttps://www.blogger.com/profile/17515948973022881427noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7706880942926516452015-09-09T14:24:40.810-04:002015-09-09T14:24:40.810-04:00This comment has been removed by the author.Andrewhttps://www.blogger.com/profile/17515948973022881427noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30140546383580633302015-09-09T14:16:51.684-04:002015-09-09T14:16:51.684-04:00This comment has been removed by the author.Andrewhttps://www.blogger.com/profile/17515948973022881427noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25970784702156849452015-09-05T17:51:57.113-04:002015-09-05T17:51:57.113-04:00I just read Schiff's piece about Quantitative ...I just read Schiff's piece about Quantitative Tightening over at Lew's site. It is well argued. If it doesn't sound too presumptuous, I think I understand (at a basic level) both Schiff's and RW's positions RE the Fed near-term actions. <br /><br />Both agree that there will be pressure on the bond market to lower prices and raise yields. RW has always said this in his Andrewhttps://www.blogger.com/profile/17515948973022881427noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79001587169002071522015-09-04T12:30:45.554-04:002015-09-04T12:30:45.554-04:00"A Schiff Shift on Interest Rates"
Meh...."A Schiff Shift on Interest Rates"<br /><br />Meh. He's been saying this for some time, now, and it hasn't ever been INconsistent with his monetary views.<br /><br />For example, his warnings about inflation are always of the form "if the Fed keeps doing such and such" - *if*, that is, ceteris paribus.<br /><br />Twenty-five basis points isn't a lot. Does that Anonymousnoreply@blogger.com