Tag Archives: collapse
What to Buy as the Great Unraveling Gets Underway
The Federal Reserve’s open market committee meeting is taking place today and tomorrow. Central to their discussion are the two words “considerable time.” Have you ever heard something so nonsensical? What gives? It all started several months ago when Janet … Continue reading
Consumers Don’t Stand a Chance
Most economists don’t do any favors for the esteem of their trade. They take ideas a third grader would know are idiotic and champion them with bluster and bravado. Hardly a day goes by where some economist doesn’t prove he’s … Continue reading
Buyer’s Remorse
The stock market was clobbered on Tuesday. The DOW sold off 272 points. What did it mean? Was it an indicator the market is finally rolling over, as we’ve anticipated for some time? Or was it just another head fake … Continue reading
The End of Extend and Pretend
About 60-years ago twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. His main premise was that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic stability and prosperity. Moreover, it’s these … Continue reading
