A tweet – 12 words, 140 characters – caused a selling frenzy last week, as the stock market dumped $134 billion in stocks in a minute and a half and…
Fingers Crossed In Economic Promise
Like most promises made before an election, the promise of an economic recovery is beginning to look like a false promise. Last fall, the housing market was showing signs of…
U.S. Without a Budget for Four Years and Counting
As of April 29, the U.S. government will have operated without a budget for four years. Based on the budget he proposed this week, President Obama intends to keep the…
90,000,000 Americans Have Stopped Working
When the unemployment rate declines, even by a little bit, it should be good news. But when it declines because people are leaving the workforce in record numbers, it’s not.…
Two Banks With a Country Attached
Cyprus? Really? The population of Cyprus is just north of 1 million people. In comparison, the Boston area has a population of 4.6 million. Greece has a population of about…
Ben, the Great and Powerful
“Bernanke said, in essence, that he wasn’t a magician.” …
Don’t Worry, Be Happy
“In your life expect some trouble But when you worry You make it double Don’t worry, be happy…” …
The Yin-Yang Economy
Last week, with sequestration pending, President Obama and others warned of airplanes falling from the sky, tainted meat being served and schools being closed because of teacher layoffs. The budget…
Flow Reversal
In another reversal of fortune, equity funds reported an outflow of more than $4 billion this week, the largest this year. Commodity funds, meanwhile, saw an outflow of $3.2 billion,…
Another Clunker
It’s like “Cash for Clunkers,” only for consumers. You may remember that brilliant piece of Congressional economic planning, where an effort was made to boost auto sales by creating an…