Seriously?
I'm not sure which is worse. The fact that we live in a society where people can sue food manufacturers for their obsesity...
May 22, 2013
This Is Disgusting
I'm sure I'll offend approximately half of our readers with this post, but I'm finding it hard to resist. I was sidetracked by...
May 19, 2013
Financial Repression For Dummies
The term "Financial Repression" was popularized by Carmen Reinhart in a NBER working paper written in March 2011, titled The Liquidation of Government...
March 13, 2013
Chairman Bernanke’s Childhood
Fans of James Grant know very well that for the past few years, this exceptional market historian has sounded the alarm on the...
January 5, 2013
Word of the Day
Pusillanimity: the state or condition of being pusillanimous. Or, as David Kotok, explains in a recent Market Commentary, "Pusillanimity means a lack of...
August 13, 2012
A Parody About China: An Imaginary Press Conference by President Obama
We’ve been admittedly quiet on China of late, but it’s certainly not due to lack of material. In fact, it’s probably just the...
August 8, 2012
Chart of the Day: Keynesian Economics
They say a picture is worth a thousand words, but in this case, we figure it’s worth about $4 trillion, which is the...
August 7, 2012
Come On Baby!
The FOMC announced today that it will continue its Maturity Extension Program (MEP)—better known as the “twist”—through the end of the year and...
June 20, 2012
Word of the Day
According to Wikipedia (emphasis added): "Brinkmanship (or brinksmanship) is the practice of pushing dangerous events to the verge of disaster in order to achieve the...
December 9, 2011
Is It Enough?
This morning, markets were woken up by the singing birds of central bank interest rate cuts. We first learned that The Peoples Bank...
November 30, 2011