Any day now, it seems that European Central Bank President Mario Draghi’s full head of hair will migrate to his chin and turn gray, as the central banker morphs into…
President Underwood Goes Keynesian
In the latest season of “House of Cards,” President Frank Underwood stakes his political future on a $500 billion program called America Works, which will allegedly create 10 million jobs…
AP Poll: Americans Want Less Economic Growth
Well, here’s a shocker. A new AP poll shows that a majority of Americans want a higher minimum wage. They also want paid sick leave and parental leave, free community…
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,…
Patience Pays Off for Fed, Investors
The new word is “patient.” And it’s a humdinger. The Dow Jones Industrial Average soared more than 700 points over two days last week after Federal Reserve Board Chair Janet…
The Markets Need Psychotherapy
“The whole idea that the stock market reflects fundamentals is, I think, wrong. It really reflects psychology. The aggregate stock market reflects psychology more than fundamentals.” Robert Shiller, Nobel Prize-winning…
Inflation Is Too Low? Tell That To American Consumers.
We’ve explained in the past how the federal government puts a yellow smiley face on its unemployment figures by excluding Americans who have given up looking for work and including…
Land of the Setting Sun
Let’s pretend that the United States economy is a football team. The coach calls the play. The running back runs right up the middle and is thrown for a loss. …
“It’s the Economy, Stupid.”
In this week’s election, Democrats attempted to label Republicans as “the party of ‘no.’ ” Instead, voters labeled Democrats as the party of no jobs, no growth and no clue.…