Monday’s Wall Street Journal (July 10, 2017, page A2) contains a remarkable article. It is remarkable because it reveals the assumptions and attitudes of the experts who are trying to administer the global economy in which we find ourselves. The headline of the article provides the ...
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Here’s an interesting observation from economist Ed Yardeni of Yardeni Research, Inc. The “Misery Index,” which is the combination of the unemployment rate plus the inflation rate, is inversely correlated with the expense of the stock market, as represented by the forward ...
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In the Wall Street Journal today economist Allan H. Meltzer argues that as a consequence of the Federal Reserve’s easy money policies, “Inflation is in our future. Food prices are leading off, as they did in the mid-1960s before the ‘stagflation’ of the 1970s. Other ...
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The economist Burton Malkiel, who happened to be my professor sophomore year in college (Spring 1970!), wrote an article in Wednesday’s Wall Street Journal entitled “Bond Buyer’s Dilemma” that made many of the same points that I have been making for the last year or so. ...
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As I write the Dow Jones Industrial Average is down 475 points, or about 4.3%. At the same time the stock market is tumbling, the bond market is soaring. Here it is a bit confusing for the layman, because bond yields and bond prices move in the opposite direction, and it is the practice in the ...
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