It seems to be a policy of the Federal Reserve Board to never use a two-syllable word when a four- or five-syllable word is available. So we have “quantitative easing”…
ZIRP Everlasting
Some things never change. Apparently, the interest rate for Federal funds is one of them. To the surprise of no one – except the “experts” and journalists who have been…
Place Your Bets
“What mighty Contests rise from trivial Things … ” Alexander Pope, The Rape of the Lock …
ECB: Cheap Oil Is the Problem, Not Iran’s Nukes
If the European Central Bank (ECB) is to be believed, the biggest threat from the Middle East is not Iran getting nukes, it’s Saudi oil. What’s the big deal? Saudis…
Correct Yourself
Last week was a tough week for investors, given that the market dropped for six consecutive days. It was an even tougher week for financial advisors and investment managers who…
Five Reasons Why Wenning Advice Is Worth More Than Buzzfeed
You may have heard that Americans are now getting their news online, instead of reading it in newspapers. They’re not. Most of what appears online and is called “news” fits…
China’s Fix Could Break Things
Imagine if free markets were allowed to be free. Of course, in today’s world, they’re not. Central bankers and government agencies have taken control. Not knowing what to do with…
Yellen’s Soliloquy: To Raise or Not to Raise
To raise, or not to raise – that is the question: Whether ’tis nobler in the mind to suffer The barbs and insults of outraged pundits and journalists Or to…
Maybe the Fed Is Just Lazy
Just last month we reported that the Federal Reserve Board’s policy statement was almost identical to its previous policy statement. Now the Fed has issued another policy statement – and…
Today’s Economic News: Woe Is Me
The summer weather and the media’s focus on positive economic news may have you feeling cheerier than usual these days. Two words: “Bah, humbug.” Or maybe, “Get real.” Focus, for…