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…
China’s Fix Could Break Things
Imagine if free markets were allowed to be free. Of course, in today’s world, they’re not. Central bankers and government agencies have taken control. Not knowing what to do with…
Maybe the Fed Is Just Lazy
Just last month we reported that the Federal Reserve Board’s policy statement was almost identical to its previous policy statement. Now the Fed has issued another policy statement – and…
Today’s Economic News: Woe Is Me
The summer weather and the media’s focus on positive economic news may have you feeling cheerier than usual these days. Two words: “Bah, humbug.” Or maybe, “Get real.” Focus, for…
Big Board Floored
The Big Board is not so big anymore. A decade ago, it accounted for 80% of stock trades. Today, it accounts for 20%. There are also far fewer publicly traded…
What Yellen Should Have Said
The question reporters should be asking now is, what did the Federal Reserve Board’s Open Market Committee do for two days last week? The statement it issued based on its…
Habitat for Inhumanity
The idea was logical enough. Reduce interest rates, making housing more affordable, which would produce a recovery in the housing market. The housing market was at the heart of the…
Why Worry About Climate Change When You’re $18 Trillion in Debt?
Which crisis scares you more – climate change or our growing debt? Climate change certainly receives a lot more attention in the media and a lot more attention from politicians,…
Appearance vs. Reality
Maybe if the good news about the U.S. economy gets repeated often enough, appearance will become reality. We’re not there yet. The official word from the U.S. Bureau of Labor…
Bubble Busters
“I had a stick of CareFree gum, but it didn’t work. I felt pretty good while I was blowing that bubble, but as soon as the gum lost its flavor,…