Peter Schmidt
Articles by Peter Schmidt
SUMMARYOften, the biggest consequence of Federal Reserve interest rate decisions isn't a consequence of the interest rate itself. Instead, its a consequence of how the changing interest rate impacts investor psychology. In the...
Category: It is hard to believe, but it has been almost twenty-years since the 'most-wanted' Iraqi playing cards were issued by the Defense Intelligence Agency (DIA). Recall, this deck of cards was comprised of Iraqi officials wanted...
SUMMARY:Before an aircraft can be used commercially, it must receive an airworthiness certificate. The certificate is the plane's license to operate. Occasionally, a plane's airworthiness certificate will be revoked. This...
"One of the most irresponsible actions in Fed history."William Fleckenstein and Frederick Sheehan on the emergency rate cut of October 15, 1998 (1)The 23rd anniversary of the Greenspan Fed's emergency rate cut on October 15, 1998 went...
Central bankers constantly miss the inflationary forest for the trees. Two of the many ways in which they do this is myopically fixating on consumer prices and dismissing rising prices as a consequence of shortages. This week’s...
First, I apologize for not getting an article out over the last two weeks – 08 AUG and 01 AUG. Something came up at work that required me to work both weekends.In any event, this week’s article discusses the Fed’s dual mandate of ‘...
