Come for the politics, stay for the snark.

This really is a full service blog.

A lot of Dems talk about what the media tells them to talk about. Not helpful.

Come on, man.

Republicans are the party of chaos and catastrophe.

I really should read my own blog.

… riddled with inexplicable and elementary errors of law and fact

Anyone who bans teaching American history has no right to shape America’s future.

Pessimism assures that nothing of any importance will change.

When your entire life is steeped in white supremacy, equality feels like discrimination.

Technically true, but collectively nonsense

We cannot abandon the truth and remain a free nation.

Teach a man to fish, and he’ll sit in a boat all day drinking beer.

They love authoritarianism, but only when they get to be the authoritarians.

Whatever happens next week, the fight doesn’t end.

Hot air and ill-informed banter

And now I have baud making fun of me. this day can’t get worse.

Make the republican party small enough to drown in a bathtub.

Bark louder, little dog.

Impressively dumb. Congratulations.

When do we start airlifting the women and children out of Texas?

When someone says they “love freedom”, rest assured they don’t mean yours.

Proof that we need a blogger ethics panel.

Accountability, motherfuckers.

Republicans don’t want a speaker to lead them; they want a hostage.

You are here: Home / Economics / C.R.E.A.M. / Number one ain’t you

Number one ain’t you

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Maybe Rand Paul is right about the Federal Reserve (commenter liberal via Disequilibria, which excerpts this article but strangely links to a different story):

The minutes from that same gathering of the powerful Federal Open Market Committee, or FOMC, are made available to the public — but only after a three-week lag. So Meyer’s clients were provided with a glimpse into what the Fed was thinking well ahead of other investors.

[….]

A respected economist, Meyer charges clients around $75,000 for his product, which includes a popular forecasting service. He frequently shares his research with reporters, though he kept this note out of the public eye. Reuters obtained a copy from a market source. Meyer declined to comment for this story, as did the Federal Reserve.

Reader Interactions

14Comments

  2. 2.

    beltane

    Is Meyer a member of the FOMC? I suppose conflict-of-interest concerns don’t apply to the master of the universe class.

  4. 4.

    saucy

    This is bad behavior on someone’s part, but no, it doesn’t mean Rand Paul’s conspiracy theories are correct.

  5. 5.

    jwb

    @beltane: What conflict of interest? I thought it was common wisdom that what’s good for the master of the universe class is good for the country.

  7. 7.

    beltane

    @jwb: Yes, yes, I forgot about the altruism that is required of the peasant class. We should celebrate the productivity and well-earned success of the nobility. I would appreciate it though, if they rode around on horseback and dressed a little more elegantly. Today’s elite are a bunch of slobs with no equestrian skills.

  10. 10.

    That's Master of Accountancy to You, Pal

    @beltane:

    Is Meyer a member of the FOMC?

    No. He’s a former Fed governor, but not currently a Fed employee of any sort.

    I suppose conflict-of-interest concerns don’t apply to the master of the universe class.

    This isn’t a conflict of interest. No current employee of the Fed stands to gain from these leaks. It’s more a matter that current Fed employees don’t know how to keep their mouths shut, combined with the fact that the Fed gathers a lot of its information by asking people in private banking for information about what they see in the markets, including proprietary data. In exchange, they talk about the Fed.

    I don’t think that there’s any way to avoid this. Instead, I’m in favor of a lot more transparency on the part of the Fed.

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