Mark Skousen
Slow GO: Is a Bear Market and Hard Landing Coming?
“Congratulations on your work. It has been a long slog to get the national accounts to introduce innovative measures. This will open up the potential for new insights into the behavior of the economy.” — William D. Nordhaus (Nobel Laurette, 2018), Yale University Three weeks ago, I stuck my neck out when I wrote an […]
Milton Friedman’s Blind Spot
“Adam Smith was a radical and a revolutionary in his time — just as those of us who preach laissez-faire are in our time.” — Milton Friedman (1976) Last week, I was on a panel at the Association of Private Enterprise Education (APEE) meetings in Las Vegas. We were there to review the new biography, […]
Only ONE Emerging Market Is Making Big Money
“We have never seen anything like this in Latin America.” — Daniel Di Martino, Economist Special Alert: Today, I announce the world’s most sought-after speaker at FreedomFest. See below. For years, I’ve avoided recommending country funds in emerging markets, and for good reason. The China Fund is down 80% from its high way back in […]
Three Essential Lessons from the ‘Maxims of Wall Street’
Special Alert: The Wall Street Journal published my op ed on the latest gross output (GO) data showing business-to-business (B2B) spending in a two-year decline, suggesting a slowdown or recession in 2024. Watch for it online tonight at https://www.wsj.com/ or in the printed version of op ed page of the Journal tomorrow. “It’s amazing the […]
From Third World to First World: Who Offers the Best Model of State Capitalism?
“Little else is required to carry a state from the lowest barbarism to the highest degree of opulence but peace, easy taxes and a tolerable administration of justice.” — Adam Smith (1755) My wife Jo Ann and I are on the Regent Seven Seas Navigator on the Forbes Cruise to Asia, where I am a […]
What Is My #1 Macro Indicator Predicting?
“Never fight the Fed.” — Marty Zweig “Don’t fight the Fed — fear the Fed.” — Michael Sincere (MarketWatch) The markets — stocks, tech, bitcoin, gold and even uranium — rallied after Fed Chairman Jay Powell maintained his stance to cut interest rates three times in 2024 once inflation has subdued. Since price inflation is staying stubbornly high at […]