Apparently, there are two Americas. In one, corporate profits are soaring, the economy is booming and jobs are available for the asking. In the other, corporate profits are dismal, America…
To the Back of the Queue
If I go there will be trouble And if I stay it will be double So come on and let me know Should I stay or should I go? The…
Upending the World
Logic has taken a 180-degree turn, running at full sprint in the opposite direction from where it should be. As one small example, consider the good fortune of Hans Peter…
Let’s Ignore the Central Banks
What if we all decided to ignore the central banks? Granted, they have provided material for this blog non-stop from the day it started. They keep financial journalists, economists, analysts,…
Going Negative
“More money cannot cure what too much money created.” Frank Hollenbeck There’s nothing…
ECB: Cheap Oil Is the Problem, Not Iran’s Nukes
If the European Central Bank (ECB) is to be believed, the biggest threat from the Middle East is not Iran getting nukes, it’s Saudi oil. What’s the big deal? Saudis…
Central Bankers: Masters of the Universe
Earlier this month, along with our usual dire observations about an economy that has come unhinged, I noted that the world was not coming to an end. On closer inspection,…