Monthly Archives: June 2014

Cause and Effect of a Broken Market

According to the professionals, the economy’s improving.  Can you believe it?  Despite the fact that first quarter GDP declined at an annual rate of 1 percent, economists are coming up with the darnedest reason why things are getting better. “Late … Continue reading

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How to Profit from Obama’s War on Coal

Republican leaders are up in arms.  House Speaker John Boehner calls it “nuts”.  Senate Minority Leader Mitch McConnell said it’s a “lose-lose proposition”. No, we’re not referring to President Obama’s gum chewing faux pas at the D-Day anniversary in Normandy … Continue reading

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Monetary Activism

Sometime in the 1950s twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis.  At the cornerstone, is the notion that economic stability breeds instability.  How’s that possible? As Minsky observed, financial crisis follow periods of economic prosperity.  These periods … Continue reading

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Economic Blasphemy

Last week the Bureau of Economic Analysis made a revision.  You may have heard about it.  According to the government statisticians, first quarter GDP didn’t decline at an annual rate of 0.1 percent as previously estimated. Actually, when they re-counted … Continue reading

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