Danielle DiMartino Booth

What role should the Federal Reserve play? That of shepherd of the dollar’s buying power alone, nix the employment mandate that’s triggered mission creep? Or should policymakers continue to stab away at maximizing employment at the expense of future bouts of financial stability, you know, for the greater good, because the private sector can’t or won’t?

Danielle DiMartino Booth

As pendulums go, the current swing to the ostensibly wealthy far edges is one for the ages, the Gilded Ages. Gorgeous old mansions are being razed en masse to make way for zero-lot-line mortgaged monstrosities. Driving a Porsche is no longer a sufficient statement. And vacations to destinations with no butler service all but invite pity...

By | April, 20, 2017|Categories: Articles, Featured|Tags: , , , , |0 Comments

Danielle DiMartino Booth

Chances are President Trump would have named the late Herbert Stein to be his lead economic counsel. As Herb Stein’s law dictates, “If something can’t go on forever, it will stop.” Such was the basis for Trump’s clarion call for change that resonated so with the U.S. electorate...

Is the Fed’s Balance Sheet Headed for the Crapper?

Danielle DiMartino Booth

I was already writing about the Fed ahead of today’s release of the March FOMC meeting minutes when the news of Richmond Federal Reserve President Jeffrey Lacker's abrupt resignation hit the wires...

Retailing in America: Game Theory in Reverse

Danielle DiMartino Booth

History has a mean habit of mocking us. Have any of you noticed the surprised looks on investors’ faces as commercial real estate prices begin to decline, as the air begins to seep out of the bubble? It’s as if the commercial real estate smackdown of the late 1980s was the result of divine provenance, not the very real consequence of a prolonged slump in the energy sector...

By | March, 29, 2017|Categories: Articles, Featured|Tags: , , , , , |0 Comments

Danielle DiMartino Booth

Even the best translation of the word – essence – is hard to get your arms around. Perhaps that is why so many of us were blissfully unaware until recently that the very essence of the American Dream was slipping through our fingers. Though the phrase, which captures the very, yes essence, of the American thirst for adventure, dates back to the hopes and spirit that emboldened prospectors to ‘Go West,’...

By | March, 22, 2017|Categories: Articles, Featured|Tags: , , |0 Comments

The Five-Tool Bond Market

Danielle DiMartino Booth

Federal Reserve officials appear to be experiencing some sort of group out of body experience, in full born public form. And it’s the formerly squeamish leading the charge. The doves are convincingly cooing in the most hawkish language conceivable. Critically, the market is taking policymakers at their word. Odds of a March rate hike are baked into the cake...

UpEnding the Fed: The Administration Redemption

Danielle DiMartino Booth

Back on Planet Earth, the hope that springs eternal – at least in my Federal Reserve-focused existence – is that the opportunity to redeem the nation’s central bank and give it back to the people is finally upon us. Will the Administration redeem the country? We’ll soon begin to get the answers to that question...

By | February, 24, 2017|Categories: Articles, Featured|Tags: , , , , |0 Comments