Revisiting Labor Participation
After years of pummeling this largely insignificant statistic into some soft minds, paper trained partisans have begun to wonder why the...
The Debt Scold's Lament (Slight Return)
(Image from an obscure website) The recently passed Tax "Reform" package, which is thought to increase the National Debt by another...
Year End Talk For 2017
What a year. The markets showed little in the way of volatility, even if everything else seemed wired for it. Given that low volatility,...
Q: Does Cutting Taxes Raise Revenue?
A: Can you read a chart? I got into a spirited contretempts with one Daniel Lacalle, a "Chief Economist" for a Spanish investment firm....
SHE Stoops To Conquer
The proliferation of Exchange Traded Funds reached ludicrous proportions a while ago. As we saw with the boom in Mutual Funds as the...
Pocket Sized Recession Predictor
A Personal Savings Rate falling below the Fed Funds rate has presaged every recession since the end of Bretton Woods. (1971)...
October 19, 1987- The First Great Crash of the Modern Era
This being the 30th anniversary of the 1987 crash, or "Black Monday," those that lived through that day are recalling their experience...
How Do They Live With Themselves?
Every once in a while, you see some odd stuff in this business. Thanks to the internet, and my being a member or participant in...
The Autumn of Quantitative Easing
As the Fed begins to unwind it's $4.23 trillion hoard of debt, accumulated under its QE programs (about $2.45T in Notes, TIPS and...
Twilight of the Labor Union Era
“The anxieties of the present are rooted in nostalgia for the past.” - Conor Sen “Every great cause begins as a movement, becomes a...
