|
Desmond LachmanUSA TODAY |
So much for the soft economic landing. The disappointing consumer price inflation numbers released on April 10 suggest that inflation will not come...
When it comes to economics, there are few things about which we can be entirely sure. However, following today’s stronger-than-expected employment...
There is an old Wall Street joke about a man who jumped off the Empire State Building; when asked at the 40th floor how he was doing, he replied,...
As Harvard’s Kenneth Rogoff and Carmen Reinhart said in their book “This Time Is Different: Eight Centuries of Financial Folly,” unless...
It is often said that generals tend to fight the last war. Something similar might be said of Jerome Powell’s Federal Reserve. At a time when both...
This week, there has been some good and some bad news about our economy. The good news is that the economy continues to create jobs at a highly...
Mark Twain allegedly said, “History never repeats itself, but it often rhymes.” He might very well have been talking about today’s Federal...
Wall Street traders are fond of saying that the consensus economic view is seldom proved correct. Today’s stronger-than-expected GDP numbers and...
The Dow closed Monday above 38,000 for the first time, and the S&P 500 had a record finish too.
Anyone doubting that China has pursued an unsustainable growth model need only look at its property and credit market bubble.
When Henry Kissinger asked for his opinion about the influence of the French Revolution, Chinese premier Zhou Enlai purportedly replied that two...
On Tuesday, the Treasury Department reported that the public debt has now topped $34 trillion.
There is an old Wall Street joke about a man who jumped off the Empire State Building. When asked how he was doing while passing the fortieth floor,...
Shortly after the 2008–2009 Great Economic Recession, an apocryphal story circulated about the captain of the Titanic. When asked in the...
There was some good news and some bad news coming out of yesterday’s Federal Reserve interest rate-setting policy meeting. The good news is that the...
If the past is any guide, when the Federal Reserve meets next week, of one thing we can be sure. The Fed will continue to adhere to a strictly...
In 2008, the Federal Reserve was caught flatfooted by the sub-prime loan crisis and housing bust that triggered the 2008–2009 Great Economic...
Milton Friedman must be rolling in his grave at the thought of how his basic monetary policy teachings have fallen out of favor. Federal Reserve Chair...
There is some good news and some bad news about today’s weaker-than-expected jobs report number. The good news is that the Federal Reserve is...
Rudi Dornbusch, the late MIT economist, said of the Mexican central bank that he could understand it making mistakes. After all, its board was...
Rudi Dornbusch, the late MIT economist, said of the Mexican central bank that he could understand it making mistakes. After all, its board was...
John Maynard Keynes famously said that “when the facts change, I change my mind. What do you do sir?”. Since the Federal Reserve’s last policy...
A credit cycle is a normal process in a market economy. However, today’s U.S. credit cycle is anything but normal. Not only was its easy phase...
It’s never a good time for the US economy to be hit by a government shutdown. But now would be particularly inopportune — and a shutdown is...
Among the more egregious weaknesses of Chairman Jerome Powell’s Federal Reserve is its failure to react to changing circumstances. Last year, that...
One of the key tasks of the International Monetary Fund (IMF) is to monitor member countries’ economic and financial policies and provide them with...
When it comes to gauging the Italian economic outlook, we would do well to remember Herb Stein’s famous aphorism: If something cannot go on forever,...
John Maynard Keynes famously wrote that “when the facts change, I change my mind. What do you do, sir?’. Now that the economic facts are rapidly...