As much as I tried to unplug over the weekend, it was tough to avoid all the Coronavirus news. It's also difficult to keep up since both LinkedIn and Facebook decide to filter our feeds by things they think are relevant, not in date order. Check the timestamps on any
I've spent my entire career criticizing the Fed. A group of academics sitting around trying to control the economy with interest rates and the various other vehicles always ends up causing additional problems elsewhere. I've argued for the past 10 years the Fed would again create bigger problems due to
When your only tool is a hammer, everything looks like a nail.
This was the first thought that came to my mind on Tuesday when the Federal Reserve announced an emergency rate cut of 0.50%. We saw a Pavlovian reaction by market participants with stocks rallying 3% in the
As we start a new decade it appears we will continue to have "unprecedented" measures by the Federal Reserve to keep the markets rising. While the Fed refuses to call the huge influx of cash into the banking system "Quantitative Easing (QE)," the fact the banking system still needs the
I've often said if I had to pick just one Leading Economic Indicator it would be Building Permits. If you've ever bought a house you know first-hand how much you personally stimulate your local economy. If it was a new home you've already provided jobs to the contractors and the
