Contrariwise, if it was so, it might be; and if it were so, it would be; but as it isn’t, it ain’t. That’s logic. …
No Surprises from the Fed
To the surprise of no one, the Federal Reserve Board raised interest rates by 0.25% in March. It was the sixth time since December 2015 that the Federal Open Market…
There’s Always Something to Worry About
For investors and economists, there is always something to worry about. When stock prices are high, we worry that they’re going to fall. When they’re low, we worry that they…
Market Drop Was No Big Deal
The stock market has been setting records for years and it set another one last week. This time, though, the record wasn’t for the highest ever Dow Jones Industrial Average.…
The Ghost of Ben Bernanke
“The good news is bad news.” …
The Case for the Bears
Following yesterday’s case for a continuing bull market, here’s a case for the bears from Martin Feldstein, chairman of the Council of Economic Advisors under President Reagan. Feldstein wrote in…
Prediction: Our 2018 Predictions Will Be More Accurate than Paul Krugman’s
We could make bold predictions about the coming year, recognizing that we probably will not be taken to account a year from now if the predictions aren’t true. People don’t…
The Incredible Shrinking Fed
Four little Fed governors, keeping markets free, …
Gold Can Be Fickle
“Nobody really understands gold prices, and I don’t pretend to understand them either.” …