Tue, July 26, 2016
Global Economy Shifting Again
October 1987: The U.S. stock market collapsed 23 percent in one day, the largest one-day drop on record. For the rest of that year economists debated how deep the depression would be in 1988. There ...
Tue, January 19, 2016
The Menacing World Economy
In the summer of 1914, the few who had any sense of what was about to happen to the world had no idea how long it would take for their fuzzy contemplations to unfold.
Mon, February 18, 2013
Crossing the Rubcion
Editor's note: A version of this article first appeared at RealClearMarkets.com.
The current global debt accumulations are unprecedented. In fact, it can be observed that at no ...
Tue, April 26, 2011
If you had been living on another planet the last three years, you would be
shocked to learn that the credit-rating agency, Standard and Poor's (S&P), has
placed the current AAA credit ...
Mon, November 08, 2010
What's Next? Buckle Up!
The Republican Party, with the help of the Tea Party, swept the House of Representatives with a massive pickup of at least 60 seats. The Federal Reserve made another historic announcement with its ...
Thu, August 19, 2010
The Fed's Historic Announcement
Mark it down. At 2:15 p.m. on Tuesday, August 10, 2010, the U.S. Federal
Reserve made a historic announcement. It signaled that the central bank was
going to "preserve the size of its ...
Mon, April 19, 2010
The Great American Debt "Roll"
Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already "discounted" that event weeks, ...
Fri, October 02, 2009
The Dollar at the Precipice
If you've seen the movie "Thelma and Louise," you'll never forget the
ending: In the last scene, the two main characters head down a dirt road in their top-down convertible. The road ...