Archive | USA

Why do we survey economists’ opinions when the majority are wrong?

When it comes to the question of when (and if) the Federal Reserve will raise interest rates, we’re not really sure why the media continues to report on “what economists think“.   It’s clear to anyone who is paying attention that economists are not good at making predictions, and that the consensus of economists has been consistently wrong after […]

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Breach shows government can’t protect data. But FBI wants to abolish encryption anyway.

By now, everyone has heard that the US government was “hacked” by Chinese hackers who may or may not have been affiliated with the Chinese government.   President Obama wasted little time in stirring up the hornet’s nest by pointing the finger at the Chinese premier and demanding that China take responsibility for the breach.  The […]

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Never go full retard: Bloomberg calls for “helicopter money”

Clive Crook, a member of Bloomberg View’s editorial board, has gone where the sensible have long feared to tread.  In today’s Bloomberg View, he recommends stimulating the economy by just giving everyone free money. Crook also may have set a Bloomberg View record for getting everything so wrong, so quickly.   By his third sentence Clive is clearly lost. […]

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Will there be an epic (final) US Dollar rally?

When large ships first begin sinking, they tend to sink evenly.  The lowest part of the hull, or bilge,  fills with water increasing the weight of the ship and pulling the entire ship down evenly.  Then as the water-level reaches successively higher decks, the rushing water often causes an increase in weight towards the bow or the stern. The increased weight […]

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Did Janet Yellen just step out-of-bounds?

A strange thing happened during today’s Federal Reserve testimony in front of Congress:  Janet Yellen told the world that she felt a particular sector on the equity markets was overvalued.  More specifically:  Janet Yellen decided it was in the Federal Reserve’s authority to knock some of the wind out of social media and biotech stocks.  We’ve re-read […]

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