“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…
Follow The Fed At Your Own Risk
If you think Fed Chairman Ben Bernanke has a firm grasp of the economy, you may change your mind after listening to Bain Capital co-founder Coleman Andrews quoting Chairman Bernanke…