Time to be bullish
by“We don’t see a recession coming in the United States.” Abby Joseph Cohen in a recent Bloomberg interview. US corporate profits are experiencing…
Economics
Quantitative to qualitative – is unelected nationalisation next?
byLast year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the…
David Stockman: Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm
bySimple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater!…
Benn Steil: Why is Paul Krugman Still Calling for Fiscal Stimulus?
byNobel economist and New York Times columnist Paul Krugman is fond of mocking his critics for being ideologues rather than economists. In contrast, Krugman’s…
Our survey said
by“It is because the public are a mass – inert, obtuse and passive – that they need to be shaken up from time to…
I Love the Smell of Napalm in the Market
byThat usually perceptive and always interesting observer of the financial Zeitgeist, Bloomberg’s estimable Mark Gilbert, has just penned an article entitled: “Milton Friedman’s ‘Helicopter…
Mario meets Spinal Tap
byNot only is he a man who does not seem to understand how banks actually, not only is he dominated with the idée fixé…
Zero Hedge: “Cheerleader” Fed Loses Credibility: Big Funds No Longer Trust The ‘Dot Plot’
byFor the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as…
Kings of the wild frontier
bySimple but not easy – The title of Richard Oldfield’s book about value investing. It has a young, highly educated population. 60% of its…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
byBack in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…