monetary policy
The entire conversation in and amongst our elite, whether be in Washington in big business or in the media, seems to be about the Federal [more…]
Yesterday's news that the Case-Shiller index continues to move upwards is not necessarily good. The index shows that home prices rose another 0.3% in February [more…]
Lost in all the hyperventilation last week was news of our rate of inflation
There isn't any. Or, rather, what inflation we have is small [more…]
What is it that we text each other? OMG?
Well here's an OMG moment, one that illustrates why we will not be having a very [more…]
When a very old matter of convenience becomes a contemporary pain in the butt strange things get said, people act peculiarly, and really stupid stuff [more…]
It's difficult to get excited about data that is so old. So today's third, and final, version of third quarter GDP is notable mainly as [more…]
The Fed has shocked some people today. I don't think it shocking at all. I see today's announcements as the continuance of a trend, so [more…]
I'd be remiss if I didn't pass along today's news on inflation. There isn't any. Nada.
Well that's the story at the wholesale level where [more…]
Obama’s Pointless Budget.
by Peter Radford on April 10, 2013
What, exactly, is the point of the Obama budget released today? We all know that, in the context of the American political process, it has [more…]