Wall Street Journal

What Could Possibly Go Wrong? - Why This Time Is Not Different

In the 1990s, stocks continued to rise relentlessly for years, even after then Fed Chair Greenspan warned of irrational exuberance in late 1996.  Last decade, the rally in home prices continued as ever more people appeared convinced that home prices never fall.  This time around, we are eight years into a bull market. As in those times, investors have all but given up betting against conventional wisdom...but this time is not different...

FOMC Minutes Preview

With the March FOMC Minutes due out shortly. here are the key items to focus on.

Pedro da Costa: "I Tried To Ask Yellen about The Fed Leak"

"After the Yellen press conference, I took two weeks of paid leave for the birth of my daughter. When I returned, my editor at the paper told me I would no longer be attending Fed press conferences. No reason was given, and I left the job a few months later."

Jared Kushner Flies To Iraq With Joint Chiefs For ISIS Strategy Briefing

President Trump’s senior adviser and son-in-law Jared Kushner reportedly arrived in Baghdad this morning, in a surprise visit with Chairman of the Joint Chiefs General Joseph Dunford, to meet U.S. and Iraqi officials and to receive military briefings on the fight against the Islamic State.

Europe: Combating Fake News

If present demographic trends continue, in a few decades, native Swedes could easily become a minority in their own country. Swedish ambulance personnel want gas masks and bulletproof vests to protect their staff against the escalating attacks, similar to equipment used by staff working in war zones. Most dangerous, however, is our inability to deal forcefully with problems undermining Western societies, because some Western media refuse to admit that the problems exist.

Maybe The Recovery Wasn't Real After All

For a while there it looked like the US and its main trading partners had finally achieved escape velocity. Growth was up, inflation was poking through the Fed’s 2% target, and most measures of consumer sentiment were bordering on euphoric. Then it all started to evaporate...