How Vanguard Wellesley Won the War
You want to keep this chart on your refrigerator because there's been a lot of talk in the press lately about 2008. Looking back...
Janet Yellen: How Well Do You Know Her?
With Larry Summers’ withdrawal from consideration for Fed chairman, Janet Yellen could wind up leading the board. How well do you know Janet Yellen?...
Utilities Investing: A Compelling Long-Term Opportunity
In our view, investing in utilities offers a compelling opportunity to long-term investors. Utilities are regulated monopolies that sell some of modern life’s most...
Monetary Dove Thinks Bernanke Should Taper
Even the most misguided monetary doves are finding reasons to hate quantitative easing. Bloomberg’s Matthew Klein explains why Michael Woodford, pioneer of the low-rate...
The Destruction of Money
If you think the Federal Reserve’s struggle with its tapering problem is bad, stay tuned because you ain't seen nothing yet. Take a look...
Smart Money Bailing Out of the Market
Since the spring of this year, the Smart Money Index (description below) and the Dow Jones Industrial Average have diverged significantly. This isn't normal...
China Catches Province Red Handed in Economic Data Fakery
For years we have taken a skeptical view of China’s reported growth rates and overall economic story-line. In stories on inflation, fraud, over capacity,...
Buying A Home
It’s not getting any easier when it comes to buying a home. Take a look at the spike in mortgage rates on my chart...
Bank Capital, More Needed
Long before Basel meetings and the Federal Reserve, America’s banks had figured out the bank capital ratios that worked best for them. In 1834...
Fed Economist Smacks Down Keynesian Blinder on Deficit
After Alan Blinder recently wrote a spectacularly Keynesian piece in the Wall Street Journal op-ed section arguing for more deficit spending, VP and Economic...