Janet Yellen has essentially confirmed QE’s demise; good riddance. Unfortunately, I don’t think that is the final end of QE in America, just as it hasn’t been the end time after time in Japan (and perhaps now Europe treading down the same ill-received road). What’s interesting is really watching these central bankers talk themselves in circles about why that is. [...]
In continuing yesterday’s pointed critique of the current state of monetarism, there is another element to consider here. To reiterate, last year the yen devaluation was unquestionably seen as a catalyst toward rebirth of Japan Inc, and thus Japan economically (and maybe even demographically). This sentiment was as ubiquitous as it was accepted on faith: “Japan’s economy is going to [...]
In Virgil’s Aeneid, Laocoon advises caution over accepting a large, wooden horse from the Greeks who had been besieging his Troy. His remark, timeo Danaos et dona ferentis, has been roughly translated as, “beware of Greeks bearing gifts”, becoming a timeless and universal parable for the benefits of skepticism. The sudden abandonment of Greek military volition seemed "too good to [...]
There is a lot to worry about these days and no shortage of individuals capitalizing on that fact. If you think the Mayans knew something about the cosmos that modern star gazers haven't figured out there are numerous websites that will assist you in deciphering the workings of the long count. If you believe the end of the calendar will [...]
Thinking Things Over June 4, 2012 Volume II, Number 22: There’s a Brighter Future Ahead….but When? By John L. Chapman, Ph.D. Washington, D.C. In a world of pure theory, stock and bond prices rise and fall according to the fundamentals of market reality, and exclusively so. The strength of profits and free cash flow, sustainability of a firm’s competitive advantages, technological [...]
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