The new word is “patient.” And it’s a humdinger. The Dow Jones Industrial Average soared more than 700 points over two days last week after Federal Reserve Board Chair Janet…
The Markets Need Psychotherapy
“The whole idea that the stock market reflects fundamentals is, I think, wrong. It really reflects psychology. The aggregate stock market reflects psychology more than fundamentals.” Robert Shiller, Nobel Prize-winning…
Inflation Is Too Low? Tell That To American Consumers.
We’ve explained in the past how the federal government puts a yellow smiley face on its unemployment figures by excluding Americans who have given up looking for work and including…
Land of the Setting Sun
Let’s pretend that the United States economy is a football team. The coach calls the play. The running back runs right up the middle and is thrown for a loss. …
Why It’s Called “the Almighty Dollar”
It may be a good time to plan that European vacation. The long-weak dollar is gaining strength again, which means you may be able to afford good food, good wine…
“It’s the Economy, Stupid.”
In this week’s election, Democrats attempted to label Republicans as “the party of ‘no.’ ” Instead, voters labeled Democrats as the party of no jobs, no growth and no clue.…
QE RIP
So the Federal Reserve Board has made it official. This is the end of quantitative easing. It’s quits for QE. Bond buying has gone bye bye. Quantitative easing has been…
Repeat After Me: The Economy Is Improving. The Economy Is Improving.
If you repeat something often enough, you may even start to believe it. So try this phrase: “The economy is improving. The economy is improving. The economy is improving.” Certainly,…
More Consideration of “Considerable”
Yes, we’ve already discussed the word “considerable” at considerable length, in relation to its use by the Federal Reserve Board in its recent policy statement. But apparently we are on…