Too Much Debt The Chair and the Vice Chair of the Fed both spoke last week. Janet Yellen testified in front of the …
Receding Tide Please remember this warning when you go to the ATM to get cash… and there is none! While we were thinking …
The Market Isn’t Cheap We frequently run across assertions that the US stock market is allegedly “cheap,” because the trailing P/E of the …
On Shaky Ground Real estate does not crash, it is real estate financing that crashes. Easy sub-prime mortgages caused real estate prices to …
Gold is Money (Sort Of) Few markets are as widely misunderstood and subject to as many misconceptions as the gold market. Many of …
Popping Rivets The Dow rose 110 points on Thursday to settle at 17,972. It seems to be struggling with the 18,000 milestone, as …
Deflation Paranoia The euro zone’s consumer price inflation rate declined below 1% in early 2014, getting closer to zero during 2014, nowhere near …
Varoufakis’ Tour of Europe Greece’s new finance minister Yanis Varoufakis has toured Europe, trying to drum up support for – actually, we’re not …
A Moment of Pause We don’t know whether US stock prices are going up or down. They usually go up and down.
