Introduction The job market, a dynamic and often unpredictable facet of the economy, has shown remarkable resilience despite the backdrop of high-interest rates. Contrary to conventional wisdom, the historical data…
Category: Economy
Second stimulus in doubt
Despite a late September market rally fueled by the hopes of additional stimulus, there is some indication this morning that talks are breaking down. Pelosi had previously called for a…
Stocks also priced in a second stimulus today
I mentioned last month that the stock market had already priced in an economic recovery that hasn’t happened yet. There’s been a little bit of a correction since then, but…
Too early to celebrate Trump’s unemployment orders
While Congress has been deadlocked and unable to reach an agreement regarding an extension of pandemic assistance, President Trump has decided to take unilateral action with a series of executive…
Markets are pricing in a recovery that hasn’t happened
Today’s unemployment report was hailed as a victory, but the only way it looks good is in comparison to the few months preceding it. According to the Bureau of Labor…
The Irreverent Guide to U.S. Monetary History
What is this “the market” you speak of, if not a series of government grants and privileges? Without the Treasury honoring the Federal Reserve’s obligations, there is no “the market.”…
Fixing the Economy Fast
Best case: Everyone defaults. Then, when the banks fail (again) we DON’T bail them out. Reform Federal Reserve so that money creation is done through public, member owned, and not-for-profit…
A Tale of Two Markets
Increasingly, it is “the market” that shapes our social destiny and financial choices, but what is a market and more specifically, what is our market? An ever present concept The…
Gold is Surging Again
Was it the crazy drop in trading last week? Was it all of the talk about defaults in Europe or the actual bail out itself? Whatever it is, it is…
SEC has some crazy theory about Goldman Sachs
The SEC has released this crazy theory about a conspiracy at Goldman Sachs to defraud investors. Although technically, if they have enough evidence to win at trial, it won’t really…