The Brexit vote amplifies the forces that were already causing slower worldwide economic growth, keeping interest rates low, and providing a favorable backdrop for bonds.Read More
The Euro is a currency without a country. Its creation highlights how economist misunderstand what money is as they cling to a belief that money replaced barter.
Most days, the lead article on every financial news website is a six-year-old story about whether Greece is going to leave the Eurozone or require more loans from other European countries to stay there.Read More
As Germany and Japan join China in trying to export their way out of their economic dilemmas, the world is pinning its hopes on U.S. consumers—many of whom have not received a raise in six years.Read More
President Trump, his principal political adviser Stephen Bannon, and his top economic adviser Peter Navarro, who are questioning the benefits of trade, especially when that trade causes the U.S. to have a trade deficit with another country.Read More
There is much talk in the financial press about Central Banks imposing ‘negative interest’ rates—which adds yet another oxymoron to a list that includes ‘Great Depression,’ ‘jumbo shrimp,’ and ‘open secret.’Read More