Category Archives: Economy
The Muted Delight of the Forthcoming Recession
One week down. Fifty-one more to go. No doubt, this has been a wild start to the New Year. We expect many more to follow. For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange. An abundance of traders … Continue reading
Doom and Gloom for North American Oil Producers
To the dismay of U.S. shale producers, oil prices continue their long slow slide into the abyss. Perhaps the current price of $35 per barrel – an 11 year low – is the final destination. More than likely, however, it’s … Continue reading
Christmas Edition
On this special day of redemption and reconciliation, we take pause from our usual reflections on the economy and financial markets. It’s Christmas Day, after all. Why not keep things merry? Hence, what follows is the poem Christmas Past, by … Continue reading
Life After ZIRP
Federal Reserve Chair Janet Yellen finally made good on her promise. On Wednesday she raised the federal funds rate to a target range of 0.25 to 0.5 percent. Can you believe it? After nearly a decade since the last rate … Continue reading
