The Helicopter Has Already Been Tested And, Surprising Nobody But Economists, It Failed Spectacularly
Most of what passes for modern monetary policy is nothing more than one assumption piled upon another (and then another, and so on). Taken for granted for so long, rarely are these unproven precepts ever [...]
Proposing A Contentious Non-Economic Reason For the Huge Jump In The Labor Force (UPDATED)
The most troubling aspect of the payroll reports month after month through the “best jobs market in decades” was how the counted labor force seemed so entirely apathetic to it. If jobs were suddenly plentiful, [...]
Valuation Fallacies
Everyone knows about lies, damned lies, and statistics. The quote has been attached to Mark Twain who apparently attributed to British Prime Minister Benjamin Disraeli. It remains among popular clichés because there is universal truth [...]
Little More Than Sentiment(ality) To Asian ‘Dollars’?
The Chinese yuan fell again in Monday Asian trading, breaking below 6.70 for the first time. Not surprisingly, the tone to broad early trading in Europe and the US was slightly negative on what would [...]
Interview (July 2016) With Gordon Long/FRA
If you can’t get the video to play properly, the original webpage for FRA is here.
The Problem Is Not So Much Retail Weakness But Prolonged Retail Weakness
Retail sales in June 2016 were up 3.14% from June 2015. That rate is slightly better than the average from the middle of last year, but not significantly so. The 6-month average continues to straddle [...]
US IP Down For 10th Straight Month Indicating Growth Is Now The Outlier Scenario
Industrial production in the United States remains caught up in the latest downward shift of the 2012 slowdown. The Federal Reserve estimates that overall industrial production contracted for the 10th straight month, falling 0.7% in [...]
Stay In Touch