Pocket Sized Recession Predictor
A Personal Savings Rate falling below the Fed Funds rate has presaged every recession since the end of Bretton Woods. (1971)...
October 19, 1987- The First Great Crash of the Modern Era
This being the 30th anniversary of the 1987 crash, or "Black Monday," those that lived through that day are recalling their experience...
How Do They Live With Themselves?
Every once in a while, you see some odd stuff in this business. Thanks to the internet, and my being a member or participant in...
The Autumn of Quantitative Easing
As the Fed begins to unwind it's $4.23 trillion hoard of debt, accumulated under its QE programs (about $2.45T in Notes, TIPS and...
Twilight of the Labor Union Era
“The anxieties of the present are rooted in nostalgia for the past.” - Conor Sen “Every great cause begins as a movement, becomes a...
Sleepless Over Sub Prime
As we saw with the hysteria over rising credit card balances a couple of weeks ago, we have a new media inspired crisis shaping up in the...
Not Enough Inflation? Be Grateful.
As Fed followers know, they have been trying to induce a measure of inflation into the economy, and like the well worn metaphor of Lucy...
The Automation Jobless
Not Fired, Just Not Hired THE rise in unemployment has raised some new alarms around an old scare word: automation. How much has the...
Our Misplaced Obsession With Interest Rates
A Bloomberg View piece written by former Fed Governor Narayana Kocherlakota, titled, "The Fed Shouldn't Be Afraid of Growth" caught my...
Index Funds: Are We All Bozos On This Bus?
Ever notice a disturbing trend that you see going on unimpeded, while no one thinks anything is out of the ordinary, or could lead to a...
