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…
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…
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…
The Inflation Straw Man
“When real interest rates start to move up, that’s when the crisis could hit.” …
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…
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…
Inflation Is Too Low? Tell That To American Consumers.
We’ve explained in the past how the federal government puts a yellow smiley face on its unemployment figures by excluding Americans who have given up looking for work and including…
“It’s the Economy, Stupid.”
In this week’s election, Democrats attempted to label Republicans as “the party of ‘no.’ ” Instead, voters labeled Democrats as the party of no jobs, no growth and no clue.…
QE RIP
So the Federal Reserve Board has made it official. This is the end of quantitative easing. It’s quits for QE. Bond buying has gone bye bye. Quantitative easing has been…