Coal Consumption Plummeting in America
Coal consumption in America is plummeting. During the recent recession the volume of coal consumption fell from a peak of 94.7 million tons in...
This Stock Rally Is a Dud
Investors are not paying attention to the real returns of this stock market. Rich Karlgaard, publisher of Forbes, wrote a spot-on piece recently in...
America’s Businesses Not Feeling the Love
With the stock market soaring one would expect businesses to be exploding with optimism. Since the beginning of 2013 the S&P 500 is up...
Like a Rolling Stone
Japan’s stock market is up 9.3% this year (chart 1). But in US dollar terms it’s up only 0.6% (chart 2). As you can...
Investors Ride Shotgun in Bernanke’s Free Money Truck
With a strong start out of the gates in 2013, U.S. stocks have now almost fully recovered from the devastating 57% plunge during the...
Trade Pointing to Recession?
The BEA today released its report on the trade of goods and services into and out of the United States in the month of...
These Interest Rates Are Up
When interest rates go up, it will happen overnight, and you won’t know about it until it’s too late. That’s the predicament the state...
Does the Economy Still Need Emergency Monetary Policy?
The economy may be growing slowly or even shrinking somewhat, but the time for radical monetary policy is long since over.
Revisions in today’s employment...
When the Levee Breaks
Some hedge funds are using leverage to boost returns. They’re doing it with bonds. With bond yields so low, it’s one way to meet...
King Krugman: If Paul Were King
https://www.youtube.com/v/RhPOybhjT_4?hl=en_US&version=3
King Paul the I of New York lays out his dream that government revenues should be 40% of GDP. For a historical perspective, take...