So You Think You're Smart
Think Janet Yellen has an easy job? The San Francisco federal reserve has published a web game to let you see how smart you really are. In the game your job is to keep inflation in check and unemployment low by adjusting short term interest rates.
The game can help you understand the basics of monetary policy and explore some of the correlations of our economy. It will not present you with the challenges of dealing with government shutdowns, poor tax policies, or financial meltdowns, but it will provide you some entertainment as you learn the basics.
Talking Heads Fed Watch
Well, we just had another FedWatch orchestrated by the financial media. Did you miss it. I hope so. The fed did not raise interest rates today in spite of all the speculation by the TV talking heads. I cannot guess the man hours that are wasted pontificating about what the fed should or should not do.
If your investment time horizon is Fed meeting to Fed meeting, you are not an investor at all. You are a speculator. Yes, the Fed will likely raise interest rates again at some point. Will it matter? Sure, for about six months. If you expect to live beyond the next six months – keep calm and carry on.