While the week’s biggest news has taken place in Russia, Ukraine and China, it’s the news out of the Federal Reserve Board’s Federal Open Market Committee that’s most in need…
Fundamentally Flawed
Imagine if the outcome of a football game depended more on the weather than on the talent of the players. Weather, indeed, can have an impact and should, but its…
We’re All Debtors Now
You’ve probably heard that corporate America is swimming in cash. Something like $4 trillion worth of it. And once corporate America starts spending it, the economy will boom again, jobs…
Embrace the Bailout, Reduce the Federal Debt
Finally, the U.S. Treasury Department has figured out a way to reduce the federal debt – by giving money away. That may not make sense, but keep in mind that…
Mission Not-Quite Accomplished
Remember when the announced goal of quantitative easing (QE) was to reduce the unemployment rate to 6.5%? It’s now 6.6% and heading down. So can we expect QE to finally…
Economic Stagnation of Olympic Proportions
Russian President Vladimir Putin is a busy man. He’s found time to prop up Syrian dictator Bashar Assad, negotiate a face-saving chemical weapons deal with President Obama and support violence…
The Neverending Story
Why change? It’s been more than five years since The Federal Reserve Board began its quantitative easing program. We’ve had QE, QE 2, Operation Twist and the never-ending QE 3. …
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…
Solving Our Problems By Executive Order
Why didn’t he think of this sooner? President Obama announced during this week’s State of the Union address that he is going to bypass Congress and issue more executive orders…
We Told You So
Sometimes the best investment advice is to do the opposite of what everyone else is doing. When the stock market was in free fall during the financial crisis, many investors…