Tag Archives | US Federal Reserve

US Economic Rescue Fails On Missing Human Factor

By John Richardson

THE US Federal Reserve thought it understood how the world worked, thanks to its FRB/US (Ferbus) computer model.

“Assuming that the FRB/US model does a good job of capturing the macroeconomic implications of declining house prices, such …

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A Letter to Janet Yellen: Why People Expect Low Inflation

Last month, Janet Yellen, the chairman of the US Federal Reserve ( see picture on the left), admitted in a briefing to the Economic Club of New York that she was baffled by the lack of strong future inflation expectations …

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Butadiene An Extreme Example

By John Richardson

BUTADIENE is an extreme example of what my fellow blogger Paul Hodges described yesterday as happening across several major petrochemicals markets.

Panicky buyers have, just as they did last year, “bought forward” in the hope that by …

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