2009 — A Year We Will Live To Regret
Bankers and regulators have not come anywhere close to responding with necessary vigor to the Continue Reading
Not In the Labor Force
There are lies, damn lies – and statistics. —attributed to Benjamin Disraeli, made popular by Continue Reading
Paul Krugman's Free Lunch Theory
There is no cause to worry. The high tide of prosperity will continue —Andrew W. Continue Reading
Some Holiday Reading
Happy Thanksgiving. I thought you might enjoy some light reading for the holiday. Here are Continue Reading
Staking Out the Middle Ground
Extreme positions are not succeeded by moderate ones, but by contrary extreme positions —Friedrich Nietzsche Continue Reading
The Oil Situation Is Really Bad
This is your last chance. After this, there is no turning back. You take the Continue Reading
Decline of the Empire — Now What?
All the world’s a stage, And all the men and women merely players They have Continue Reading
Big Crash Coming?
I think policy is currently quite accommodative. I think it can remain quite accommodative for Continue Reading
More Like A Depression Every Day
We have improved the prospects we won’t be consigned to a long period of subpar Continue Reading
The Future of the Dollar
It is hard to imagine a happy future for the dollar, and I was going Continue Reading