What would be a more effective way to increase employment and boost the economy – continue quantitative easing or repeal Obamacare? The answer is obvious to anyone paying attention. After…
Bad News Is Good News
Good news. The economy still stinks. In today’s economy, which is driven by The Federal Reserve Board’s quantitative easing (QE) program, bad news is good news and good news is…
Market Reaction To Comments Reflects Market Efficiency
It’s worth keeping the efficient market hypothesis in mind when considering the impact of Fed Chairman Ben Bernanke’s announcement this week that bond buying will be coming to an end.…
Swinging Markets Ahead
Volatility is back in a big way. It’s back not only in the stock market, but in the bond market. It’s back not only in the U.S., but in China,…
The Second Housing Bubble
“Demand is artificially high … and supply is artificially low.” …
Financial Tsunami
In a recent post, we speculated about what would happen when quantitative easing finally ends. This week we got a glimpse. After Federal Reserve Chairman Ben S. Bernanke said that…
Blame It on Sequestration
President Obama and the Federal Aviation Administration blamed recent flight delays on sequestration. Now the Federal Reserve Board’s Open Market Committee is blaming sequestration for the poor performance of the…
90,000,000 Americans Have Stopped Working
When the unemployment rate declines, even by a little bit, it should be good news. But when it declines because people are leaving the workforce in record numbers, it’s not.…
Ben, the Great and Powerful
“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…” …