Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy...
Despite the effective containment of the outbreak in China, the global supply chain has not fully-recovered and global trade remains hampered by the resurgence of the virus in many countries, notably in some U.S. states.
...if Europe is doing as well as many people claim, why more stimulus? As in the past, I continue to contend the Euro-zone is simply uncompetitive and will remain so.
In the market for single-family homes, the average unit size increased over the course of the decade, perhaps reflecting the growing economic inequality endemic to the American middle class.
If you think that price inflation runs at about 1.6%, you have fallen for the BLS’s CPI myth... We have reached a high point in macroeconomic madness. It’s about to get worse...
In 2000, the Fed “crossed the Rubicon,” whereby lowering interest rates did not stimulate economic activity. Instead, the “debt burden” detracted from it...
This collision of reality brought Europe to a logical conclusion. The money that is a consequence of production, and that only has value where there’s production, plainly ran out...
The Fed Emperor’s New Clothes Show is a continuous comedy without laughter. The latest act, the virtual Jackson Hole conference (August 27), was dreadful...
The profit motive is a popular target of progressives and socialists. But the criticisms are often based on misunderstandings of how a market economy based on private property works...
26% of U.S. workers currently saying they have worked entirely from home in recent weeks, while 51% are working entirely from a location outside their home, with one in five reporting a mix of on-site and remote work.
"If people get kicked out, they may end up in overcrowded congregated living facilities or homeless shelters, and that is a potential recipe for a big spread of COVID-19."
