Tag: stimulus

Good Job, Uncle Ben

Seven weeks ago, Federal Reserve Chairman Ben Bernanke hinted at the possibility of the end of Quantitative Easing (QE).  Market’s freaked out, as markets are wont to do.  We said at the time that this was an intentional intimation, and that in fact, it was a tool of the Fed Chair, as important as the

Continue Reading

Looking At The Fiscal Cliff Thru Kristi Miller’s “myWindow”

Just because it’s been 3 weeks since we “narrowly” avoided the Fiscal Cliff does not mean that we’re any closer to a meaningful resolution to our country’s economic problems. That being said, earlier this year I was asked by Krisi Miller to speak on the Fiscal Cliff for her television show “myWindow with Kristi Miller”

Continue Reading

The 3 Biggest Lies About the U.S. Dollar

  Fringe theories get more followers in the Information Age.  When a little economic knowledge combines with pessimism and conspiracy-theory, popular themes emerge.  One of them surrounds the U.S. dollar—and the views are just too far afield from reality today. Following are the three biggest, and oft cited, lies about the dollar. #1) THE DOLLAR

Continue Reading

STIM 2: The Tax Deal

As I write, it appears that the negotiated tax deal will go through.  Among its components are an extension of the tax brackets and rates that were set to expire (for all income levels), a generous estate tax treatment, yet another extension of unemployment benefits, and a one-year reduction in Social Security taxes on workers. 

Continue Reading

Ten Reasons I’m Bearish

As you know from our postings of late, we became bearish on growth assets (stocks, REITs, commodities, etc.) earlier this year and got maximally bearish at the end of June. In this high-risk environment, everything we’re doing is in the name of protecting asset values. If markets move materially against us (upward), it will come

Continue Reading