THE BIG PICTURE Today’s Big Picture view revolves around the probable coming re-regulation of the financial markets. History shows regulation of markets is similar to a grandfather’s clock pendulum swinging back and forth although not as regular. A brief look back to the start of the 20 th...
THE FIRST INFLATION SURGE IN 25 YEARS IS OVER. So, what now? First, let me give credit when credit is due. Federal Reserve Chairman Ben Bernanke and the Fed finally got one right. They’ve been promising us moderating inflation for a year or more and now with -30% lower crude oil prices and a big...
INFLATION VIEW/FED’S INFLATION VIEW . Out of Touch! Federal Reserve Chairman Ben Bernanke told lawmakers February 14 th that “inflation expectations appear to have remained reasonably well anchored.” He says that each time he speaks and I’m totally sick of hearing it because I can’t agree. He must be...
POLITICAL VIEW . Not a Student of the Dismal Science, Economics! I’m happy to hear John McCain is carrying former Federal Reserve chairman Alan Greenspan’s new book, The Age of Turbulence around with him while campaigning after publicly admitting he hasn’t understood economics as well as he should. Schwartz...
ECONOMIC VIEW . Still A Debate Over Recession! The public debate still continues over whether the US will undergo a recession in 2008. (Wealthy) economists and financial commentators are even betting bottles of champagne on it. One regular CNBC guest, Brian Wesbury, chief economist for First Trust just...