Labor Day has passed. It’s time to get back to work … or at least think about work. Work, or the lack of it, is what the economy is all…
At The Fed, Saying Trumps Doing
President Obama’s campaign slogan for last year’s election was “Forward.” The Federal Reserve Board’s slogan in the coming months may be “forward guidance.” According to Goldman Sachs, The Fed is…
September Is the Cruelest Month
Oh, it’s a long, long while from May to December But the days grow short when you reach September. …
The Age of Low Expectations
Observing today’s global economy is like watching Adam Sandler’s best movie. It’s horrible, but it could be worse. Consider what passes for improvement today: Europe is no longer in a…
The Off-On-Off Economy
The economy recently has been full of stops and starts, ups and downs, good news and bad news. Optimists will say that progress is being made, as we’ve moved beyond…
Why Gold Soared
Gold prices are no longer setting records. Special parties are no longer being held where people can sell their gold jewelry at spectacular prices. The Midas touch for gold has…
The Unnoticed Recovery
It seems that every day we hear about a stronger economy with real jobs, a recovered housing market and renewed manufacturing strength being just ahead. We hear about it. We…
House of Cards
The current housing recovery is not a house of brick, but a house of cards. The cards came tumbling down this week, as the U.S. Commerce Department reported that housing…
Keep On Easing
Ease on. That’s the message that Fed Chairman Ben Bernanke delivered this week, causing the bond market to rally, the stock market to hit new highs and the seas to…
Obamacare’s Economic Impact
What would be a more effective way to increase employment and boost the economy – continue quantitative easing or repeal Obamacare? The answer is obvious to anyone paying attention. After…