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Beardless Ben and Bad Bet Summers
Plenty of ink has been spilled lately brooding over who’ll be the next Fed Chairman when Ben Bernanke’s term concludes on January 31, 2014. Here at the Economic Prism we really don’t give a rip who...
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Listening to the Canary
Listening to the Canary By Terry Coxon, Senior Economist During World War II, the British Royal Air Force (RAF) undertook a plan of misdirection to allow a squadron of bombers to approach an...
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Monetary Activism
Sometime in the 1950s twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. At the cornerstone, is the notion that economic stability breeds instability. How’s that...
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Knockdown Drag Out Slugfest
Blows are being taken on the chin and dished out to the gut as daily prices wildly soar or crash. Last week, for instance, the DOW jumped and dived several hundred points before finishing up about...
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Janet Yellen’s Big Surprise
More evidence was offered over the weekend validating our prediction for 2014. If you recall, at the beginning of the year we gazed deep into our crystal ball and saw a vivid image of the earth not...
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No Quick Fix for Structural Reforms
Finance ministers and central bankers from the Group of 20 leading nations met in Cairns Australia over the weekend. The clever fellows believe, with the right balance of fiscal and monetary policies,...
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Prepare for a Harder World
Aside from death and taxes, the only guarantee in life is change. Change, you see, is constant. It’s always happening. Sometimes change is an improvement. Other times it’s an adversity. But it’s...
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The Economic Motherboard is Now Fried
Economics is a boring and tedious trade to the casual observer. All the monthly report outs on GDP, employment, manufacturing, inflation, among other indexes, are a dull waste of time. What decisions...
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Garbage In Garbage Out Economics
“On two occasions I have been asked, “Pray, Mr. Babbage, if you put into the machine the wrong figures, will the right answers come out? …I am not able rightly to apprehend the kind of confusion of...
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Is Janet Yellen a Jenny Ass?
Federal Reserve Chair Janet Yellen’s at the top of her game. She knows exactly what to do. She’s a PhD economist, after all. Her various affiliations with the Fed go back nearly 40 years. She knows...
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The Fed’s Stars Never Aligned
On Wednesday, following the two day Federal Open Market Committee meeting, Fed Chair Janet Yellen will likely announce that the Fed will do something they haven’t done in nearly a decade. They will...
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An Open Letter to William Dudley
Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising...
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Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United...
Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that...
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Why Monetary Policy Will Cancel Out Fiscal Policy
Good cheer has arrived at precisely the perfect moment. You can really see it. Record stock prices, stout economic growth, and a GOP tax reform bill to boot. Has there ever been a more flawless week...
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Unsolicited Advice to Fed Chair Powell
American businesses over the past decade have taken a most unsettling turn. According to research from the Securities Industry and Financial Markets Association, as of November 2018, nonfinancial...
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Why Fed Chair Powell’s a Laughingstock
Clarity. Simplicity. Elegance. These fundamentals are all in short supply. But are they in high demand? As far as we can tell, hardly a soul among us gives much of a rip about any of them....
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The Secret to Fun and Easy Stock Market Riches
On Tuesday, at the precise moment Federal Reserve Chairman Jay Powell commenced delivering his semiannual monetary policy report to the House Financial Services Committee, something unpleasant...
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The Dollar Is Dying
This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall...
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Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United...
Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that...
View ArticleClik here to view.
Why Monetary Policy Will Cancel Out Fiscal Policy
Good cheer has arrived at precisely the perfect moment. You can really see it. Record stock prices, stout economic growth, and a GOP tax reform bill to boot. Has there ever been a more flawless week...
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