Fed Making the Same Mistakes All Over Again
Here we go again: “The trend is still in principle a sell-off in markets, a sell-off in riskier assets on the expectations that the Fed might signal further readiness... Read »
We’ve Dug Ourselves a Very Large Hole – Plosser
Charles Plosser, president of the Philadelphia Federal Reserve Bank, told Tom Keene and Sara Eisen on “Bloomberg Surveillance” today that “we’ve... Read »
The Fed, Apple (AAPL), and Trickle-Down Economics
The Fed’s policy of keeping interest rates near zero is another form of trickle-down economics. For evidence, look no further than Apple’s decision to borrow... Read »
The Sequestration Boondoggle
Illegal immigrants will flood in! You will be stuck in security lines for hours! Children will go hungry! Planes will fall from the sky! No, this isn’t a recap... Read »
Only Public Enterprise Can Heal Our Sick Economy
For most Americans, the news that the US economy contracted by 0.1% in the fourth quarter of 2012, the first quarter of negative growth since the pit of the Great... Read »
US Economy Contracts in 4Q/2012, Let’s Review
The positive tone to the equity markets and other risk-based assets may provide a degree of cover to developments within the real economy but it cannot totally negate... Read »
The Myth of Living Beyond Our Means
Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating... Read »
How Much QE is Leaking Into the Economy?
The Fed’s balance sheet just topped $3 trillion for the first time ever according to the Wall Street Journal, The U.S. Federal Reserve‘s balance sheet topped... Read »
Picture of the Year: For Whom the Can Tolls
If there is one picture we’ve posted, and we’ve posted it several times, that encapsulates 2012, it is this one. Think Ernie as the allegory for the fiscal... Read »
Nominal GDP Targeting: Still a Skeptic
In a few days the clock will run out on another year of disappointing economic growth in the United States and, generally speaking, in the world. It is inevitable... Read »






