Some very old ideas about investing have been dying a slow death for many years, losing ground in a survival of the fittest. Their weakness is being even more exposed now. Charles Darwin’s portrayal of the evolution of biological species being a matter of the survival of the fittest is an idea that applies well […]
Eight times a year, the U.S. Federal Reserve provides a summary of the economy around the country, called the Beige Book. Their latest observations are now in. The Fed is best known for its open market committee meetings throughout the year, and they also make the news from time to time when they make significant […]
One of the things that we know for sure in this financial crisis is that our economy is taking a big hit. Top ranked Wall Street economist Nancy Lazar discusses what may be ahead. Back in the early days of the coronavirus, we marveled at China’s locking down their country and wondered what the global […]
Even in the best of times, there are always people who remain bearish, and during full moons like this, really come out to howl at it. Economist Charles Dumas is leading the way. Hardly anyone would claim that we are out of the woods yet with the coronavirus panic response. As long as this continues […]
Economist David Rosenberg has been seeing weakness in the economy and has been bearish on stocks for several years now. Being wrong over and over doesn’t bother him. David Rosenberg considers himself a contrarian, which in itself isn’t necessary a bad thing and can often be a good thing, depending on what side of right […]
One of the legacies of economist Milton Friedman was the concept of stakeholder capitalism. People are now looking to modify this, but not in an intelligent way. While economics and politics share a lot of common ground, the biggest difference between them is that economics takes rationality into account, where politics is based primarily upon […]
Some believe that fending off a pending recession will require all the tools we can muster, including a lot of “infrastructure spending.” Is this really warranted? We learned some valuable lessons during the Great Depression, or at least there were lessons to be learned, whether we learned them all that well or not. One of […]
In a world where economies are so connected, we can no longer to afford to not pay attention to what is happening anywhere, and especially in an area as large as the EU. From taking a cursory view of the changes in the economic situation in the U.S. and elsewhere, the economy of the United […]
Presidents have been at odds with the policies of the Federal Reserve before, but Donald Trump has taken this to a whole new level, as he often does with things. The goals of the Federal Reserve Bank of the United States are clearly specified in the Federal Reserve Act. They are to promote maximum employment […]
2019 has been a year where both the stock and bond market have performed extremely well, but also one that worries about the economy have also gone on and on. Just looking at all the noise on the street, you would think that we were facing some difficult times with the economy which are set […]