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,…
Bad News – The Economy May be Recovering
“This is what it sounds like when doves cry.” …
The Dollar Is In Danger
It’s a sign of America’s strength and its position as leader of the free world that the dollar is the world’s reserve currency. Just as English is the closest we’ve…
Attention Deficit Capitalism
“Democracy would not be democracy, rule of the people, without at least a modicum of political attention and activity from its citizens.” …
Household Income Shows Troubling Outcome
Hold off on the victory dance. The 2014 “Economic Report of the President” and many media reports indicate that the U.S. economy has finally recovered. But has it? One measure…
Wishful Thinking Does Not Create Economic Recovery
This was going to be the year. Remember the predictions of 3% economic growth? More recently, the consensus was 1.2% growth for the most recent quarter. It turns out, though,…
The Economic Recovery That No One Noticed
The average recovery since the end of World War II has been 58 months. The current “recovery” has just reached that milestone. So maybe we should be celebrating. But what’s…
Translating Fedspeak
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…
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…