The Federal Reserve Bank Has No Clothes
We’re all pawns in a confidence game. Somewhere along the way, central bankers took on the airs of economic overseers, acting as if they could, and should, pull levers that create economic activity...
View ArticleThe Fed Can “Fix” This, Right?
I had two reactions as I watched the markets puking their guts up. I had the strong urge to buy undervalued assets, and I periodically cursed the Fed and other central banks. I don’t think central...
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Stocks Crashing Again Despite Fed Super Bazooka
In China for the last two months, retail sales are down 21%, industrial production is down 13%, and fixed investment is down 25%. The travel, restaurant and entertainment industries both in the U.S....
View ArticleWhere Will the Corporate Cash Go?
It’s possible Congress has agreed on a stimulus program by now, with hundreds of billions if not trillions of dollars allocated to Corporate America. People are frustrated at the idea that businesses...
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