Share!While everyone has been busy speculating about whether the Fed would try to raise the cost of money, we have lost sight of the most important fact. It’s not the cost of soup that matters. Our bellies and the store shelves are so full of the stuff that Campbell’s has stopped producing. Everybody has drunk…
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One begins to wonder if the Federal government has adopted a policy of renting rather homeownership. It sure seems like it. Since the peak of the housing bubble, renters has skyrocketed. And largely the growth in single family residences (SFR) being rented. New homes sold as a percentage of the population is back at 1982 […]
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On Thursday the Fed blamed China for its policy paralysis.
This effectively expanded the Fed’s dual mandate from trying to achieve full employment and price stability to trying to maintain global financial stability, but only succeeded in introducing more uncertainty to the situation.
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Back on May 6th, as the stock market was pushing to new highs, I argued here that, “record-high margin debt should make you more cautious,” toward the stock market. At the time, it was popular to dismiss the idea that the level of margin debt, both absolute and relative (to GDP), should mean anything at […]
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There was nothing shocking about Yellen’s speech. Other than the words “negative interest rates” were uttered.
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This chart of median household income illustrates why so many of us feel poorer–we are poorer in terms of the purchasing power of our income. A rising tide raises all boats, from rowboats to yachts–this is the narrative of “prosperity.”A risin…
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Almost exactly an hour and a half into the CNN debate last night, Carly Fiorina and Donald Trump got into a scrap about their entrepreneurial track records. A moderator pitted the GOP candidates against each other when he asked who, between the two of them, would be better at job creation? “You ran up mountains of debt at your casinos, and you were forced to file for bankruptcy a record four times,” Fiorina said to Trump. “Why should we trust you to manage the finances of this nation any differently than the way you’ve handled your casinos?”
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