Why QE Will Never Work
Recently Cumberland Advisors published a report titled, "LCR: Is The Fed's Balance Sheet Too Small?". While we have the greatest respect for David Kotok and his firm, we disagree with this analysis. Jeff Snider's response [...]
Earnings Update: Begin With The End In Mind
“Begin With the End in Mind” Stephen R. Covey, Author Although, Stephen Covey was not referring to investments when he assigned this declaration as Habit #2 in his book, “The 7 Habits of Highly [...]
Greenspan to Yellen; Incoherence The Common Theme But Vastly Different Receptions
It is human nature to extrapolate in straight lines, to take what is as what should forever be. In economic statistics, tail risks continue to live outside the tails because the math can never get [...]
‘Selling Dollars’ Again
With the sudden interjection of uncertainty halting the surge in Brexit odds since the unfortunate attack on British MP Jo Cox last week, the financial world has benefitted from the pound’s resurrection. Sterling has had [...]
The European Basis For New Monetary Science
Looking back it almost sounds like a completely different world. In the end, however, the world hasn’t changed, perceptions have. On May 10, 2012, German newspaper Spiegel reported that Bundesbank’s (Germany’s central bank) chief of [...]
New Monetary Science
Around 150 AD Claudius Ptolemaeus of Alexandria (Ptolemy) wrote perhaps the most significant ancient astronomical text, his Mathematike Syntaxis. Part of its durability was due to Ptolemy’s careful and laborious summation of ancient thought up [...]
About That Economy That ‘Should Be’
There are those who are calling for James Bullard to be fired. While that might be deserved given recent history, I believe keeping his place at the head of the St. Louis Fed will do [...]
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