Economic Policy
A Bullish Earnings Season Can Fix a Troubled Market
The current stock market correction has its roots going back to April 4, when the S&P 500 broke...
Milton Friedman’s Blind Spot
“Adam Smith was a radical and a revolutionary in his time -- just as those of us who...
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...
Gold’s Break Out to a New All-Time High Is Legit
The price of gold soared to a new all-time high this past week, peaking as Bitcoin also traded...
A First Look at the Election and Markets
The morning after “Super Tuesday” in the presidential primaries usually means the stage is set for the upcoming...
Three Worldly Philosophers Rule the World: Who’s on Top Now?
“By the collision of different sentiments, sparks of truth strike out, and political light is obtained.” -- Benjamin...
The Little-Known Reason We’ve Avoided a Recession (So Far)
“Supply-side tax cuts put a resilient floor under the economy and boosted profits, despite Fed hitting the brakes.”...
Outlook for 2024: Down We GO?
It’s at least conceivable that gross output is a leading indicator of the economy.” -- Peter Coy, Economics Editor,...
The Fed is Missing a Key Ingredient for a ‘Soft Landing’
“Don’t fight the Fed -- fear the Fed!” -- Michael Sincere, MarketWatch (“Maxims of Wall Street,” p. 148)...
Why Did This Happen? This Chart Says It All
“Inflation is always and everywhere a monetary phenomenon.” -- Milton Friedman At last week’s Mont Pelerin Society meetings...