The monetary and fiscal stimulus dispensed by governments around the world was arguably effective in containing a recession and staving off depression. But if so, the question becomes: At what price? Nothing is free in economics and so the world…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
A lot of good ideas were shoved aside because of the Depression and the rise of the Keynesian view of the world. – George Selgin, Professor of Economics, University of Georgia, quoted in “Ron Paul’s ideas no longer fringe”, Los…
Here’s what’s coming in economic news: The next employment report could show the economy adding jobs for the first time in two years. The next G.D.P. report is likely to show solid growth in late 2009. There will be lots…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
The frontier between the state and market has shifted. The realm of the state has been enlarged. – Daniel Yergin, author of 1998’s The Commanding Heights which chronicled the ascent of free market forces starting in the 1980s, quoted in…
Last week, two prominent commentators came out with bullish pieces. I was anxious to read them to measure the bullish case, but in the end I was unpersuaded. ***** The first piece was from Princeton Economist, and former Vice Chairman…
Here is an e-mail I sent to some of my friends and clients a few minutes ago: The last three days, I’ve had the chance to look at earnings from four large cap stocks. Three are members of the S&P…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
“Why The Stock Market Should Crash”, Charles Hugh Smith, Seeking Alpha, November 16 “Our Steroid Pumped Economy”, Vitaliy Katsenelson, Seeking Alpha, November 18