Relevant and even prescient commentary on news, politics and the economy.

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Advice without consequences

…Street—and Washington James Grant Grant’s Interest Rate Observer Kevin A. Hassett American Enterprise Institute Former Senior Economist, Board of Governors of the Federal Reserve Roger Hertog Hertog Foundation Gregory Hess…

Tapering and the Emerging Markets

by Joseph Joyce Tapering and the Emerging Markets The response of the exchange rates of emerging markets and their equity markets to the Federal Reserve’s “taper,” i.e., reduction in asset…