Thinking Things Over July 1, 2012 Volume II, Number 26: It’s a Trader’s World Now By John L. Chapman, Ph.D. Washington, D.C. “[The EU Summit produced] the first signs that collectively they are starting to understand the issue. If you come out of a summit like this and the mood improves, it means everything rises. The challenge, as [...]
The consensus opinion going into last week was that Obamacare the Patient Protection and Affordable Care Act would be struck down by the Supreme Court in a partisan decision and that the EU summit would end with no substantive agreement on how to address the banking crisis in Europe. As it turns out, both of these consensus positions appear to [...]
By John L. Chapman, Ph.D. June 24, 2012 Washington, D.C. The Federal Reserve met this past week, and in his post-meeting press conference, Chairman Ben Bernanke reiterated that a tepidly growing U.S. economy is going to run in slow motion for a long time. Other U.S. data out recently, combined with the continuing slow train-wreck in Europe, have heightened investor [...]
Thinking Things Over March 25, 2012 Volume II, Number 12: What ObamaCare's Fate Means for the Economy, Through Hayek's Eyes By John L. Chapman, Ph.D. Washington, D.C. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States;...... To borrow money [...]
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