Well, it’s a brave new world for us cynics. Somehow, we all survived another year, but it wasn’t easy. It was a good year for terrorists (Paris, San Bernardino), despots…
Correct Yourself
Last week was a tough week for investors, given that the market dropped for six consecutive days. It was an even tougher week for financial advisors and investment managers who…
Five Reasons Why Wenning Advice Is Worth More Than Buzzfeed
You may have heard that Americans are now getting their news online, instead of reading it in newspapers. They’re not. Most of what appears online and is called “news” fits…
Alexis the Not-So-Great
A lot can happen in 2,500 years. Back in its day, Greece ruled the world – albeit, it was a much smaller world. But that was a long, long time…
Another Year of ZIRP?
When the economy recovers, interest rates will go up, right? That’s been the Federal Reserve Board’s line for years now. Yet as the Fed gushes about an allegedly booming economy,…
Do You Believe in Santa Claus? You May Be A Keynesian.
The Christmas season is an appropriate time to reflect on Keynesian economics, given this: believing in Keynesian economics is a lot like believing in Santa Claus. Most Americans grow up…
Satan Is a High-Frequency Trader
Satan is now firmly in control of the markets. No, we’re not talking about Ben Bernanke, aka Edward Quince. His time has passed. We’re talking about a high-frequency trader who…
Less than “Less than Zero”
In June, the ECB lowered the interest rate on bank deposits, including reserve holdings in excess of the minimum reserve requirements, from zero to -0.10%. This week, surprising just about…
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…