Being “the land of the free” apparently doesn’t apply to the American economy anymore. Being a capitalist society with free markets, complemented by the Bill of Rights and the U.S.…
Hard Landing
The Federal Reserve Board’s Open Market Committee met last week for the first time since raising interest rates in December and then published its usual policy statement full of mush.…
An IOU World
Investment performance made most investors a bit grumpy by the end of 2015, given that virtually every asset closed the year down a bit. During 2016, grumpiness is giving way…
Happy New Year: Meh.
Well, it’s a brave new world for us cynics. Somehow, we all survived another year, but it wasn’t easy. It was a good year for terrorists (Paris, San Bernardino), despots…
Don’t Bet On It
“ … human beings have a natural tendency to manage risk after the fact.” Michael…
Fed Policy Brings Record Stock Buybacks
Just once, we’d like to post that the economy is growing like pumpkins in September, that personal income is soaring (or at least not falling), that jobs are being created,…
Five Reasons Why Wenning Advice Is Worth More Than Buzzfeed
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…
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…
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…
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…