RIP Roger Enrico
From the WSJ:
Born in the small town of Chisholm to Italian immigrants, Mr. Enrico won a scholarship to Babson College in Massachusetts, studying business...
Is a Correction in the Cards?
U.S. markets had a nice bounce yesterday and they look poised for another bounce today, barring any hawkish comments from the Fed in today’s...
Economic Misfire
For as long as the economy has been crawling its way out of the last recession, economists and policymakers have been puzzled by the...
Tiny Bubbles
Originally posted January 21, 2014.
Imagine outgoing Chairman Ben Bernanke joyfully wrapping things up at the Fed while humming “tiny bubbles make me feel happy”...
Assets Are Booming
With the Fed creating money out of thin air, real estate prices such as commercial and condos are going up like crazy especially in...
The Cure for Oil Prices
There is a popular axiom in commodity markets that says the cure for high prices is high prices. The opposite is also true, and...
Inappropriate Monetary Policy
Yesterday, the Bureau of Economic Analysis released its final estimate of third quarter GDP growth. Growth for the third quarter came in at a...
What Oil Price Correction?
Below is a chart of the price of oil denominated in rubles. In Russia, a cratering currency has resulted in higher, not lower, oil...
The Most Powerful Fiscal Stimulus
The mainstream press and their liberal Keynesian allies in academia (that means you Princeton & Berkeley) have made a sport out of roasting the...
The Party’s Over
A few years ago the Bank of England (BOE) used the chart below to explain the impact of money printing on the economy and...