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…
Central Bankers: Masters of the Universe
Earlier this month, along with our usual dire observations about an economy that has come unhinged, I noted that the world was not coming to an end. On closer inspection,…
Economic Schizophrenia
Schizophrenia is “a long-term mental disorder of a type involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from…
Stock Market Continues to Set Records, But Why?
Let’s take a simple quiz and answer the following multiple choice question. The stock market is hitting new highs because: Corporate earnings are at an all-time high. The economy is…
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…
Brady Plot Puts U.S. Economy on Verge of Deflation
The Federal Reserve Board – which may be the smartest deliberative body on the face of this earth – bought more than $3.5 trillion in bonds in an effort to…
How Low Can You Go?
The weather has done it again. The U.S. Bureau of Labor Statistics last week reported annualized growth of a piddling 0.2% for the first quarter of 2015. The culprit, of…
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,…