Maybe if the good news about the U.S. economy gets repeated often enough, appearance will become reality. We’re not there yet. The official word from the U.S. Bureau of Labor…
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,…
Bazooka or Blunderbuss?
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,…
The Year of “May”
We’re well into January, but 2014 demanded a bit of reflection before commenting. Was it a good year or a bad year? We still don’t know. We’re calling it the…
Do You Believe in Santa Claus? You May Be A Keynesian.
The Christmas season is an appropriate time to reflect on Keynesian economics, given this: believing in Keynesian economics is a lot like believing in Santa Claus. Most Americans grow up…
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…