2011 predictions

This is the first of what will become a regular feature of the blog.  My intention is to put in electronic stone my sense of things as they are and will be.  Hopefully this provides actionable information for each of you.  It also neatly provides criteria by which you...

It’s chickens that sit on eggs

This morning the Wall Street Journal is reporting an astounding statistic from the Federal Reserve: U.S. companies are sitting on $1.93 trillion in cash!  That works out to 7.4% of the total assets of U.S. corporations.  If U.S. companies are unwilling to spend this...

The qualitative Federal Reserve, slight return

Six weeks ago the Federal Reserve announced a policy of “quantitative easing.”  At the time I said that the goal of lowering the value of the U.S. dollar and of U.S. interest rates would be a failure.  News abounds of the failure of this policy.  I hope...

Twenty six months later

October 2008 – in the first days of this humble little blog – I called for there to be prosecutions of folks who had perpetrated horrible wrongdoing in the financial scandal that was a direct, and large cause of the Great Recession.  Today, twenty-six...