Commentary Pulling forward growth over the last decade remains the Federal Reserve’s primary tool for keeping financial markets stable while economic growth rates and inflation remained weak. From repeated rounds of monetary and fiscal interventions, asset markets surged, increasing investor wealth and confidence, which, as then-Fed chair Ben Bernanke stated in 2010, would support economic growth….
Is Pulling Forward Growth Sustainable?
August 1, 2022
admin
Business & MarketsBusiness Columnistseconomic policieseconomyFederal ReserveMarketsmonetary policyOpinionprice stabilityViewpoints
0 Comment
American Prosperity Is Falling Apart
August 1, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsdivision of laborinflationOpinionpovertyprosperityrecessionU.S. economy
0 Comment
Commentary The debate about whether we are in a recession—it dominated the news over the weekend—has become a war of words with high political significance but low real-world meaning for the average person. The real story is about what people are doing to survive the times. They are bailing on high-end groceries and raiding the…
Manchin Flip-Flop Emphasizes Need For a Flat Tax Amendment
Commentary Those who know the value of freedom most keenly are those who have lived under totalitarianism. When the Eastern Bloc nations were finally liberated, more than three decades ago now, it was no surprise that they sought capitalism like a man lost in the desert yearning for water. But what did astound many was…
Should US Be Worried About a New Reserve Currency?
July 29, 2022
admin
Business & MarketsBusiness ColumnistsChinaChina Business & EconomyOpinionreserve currencyRussiaThinking About China
0 Comment
Commentary It’s long been reported by The Epoch Times that China—and more recently due to the ongoing war, Russia—has been keen to see the U.S. dollar knocked from its perch as the biggest global reserve currency. Russia and China have now begun working on that, which isn’t a surprise. But what is a surprise is…
How to Prepare for the Recession
July 29, 2022
admin
Business & MarketsBusiness Columnistscapital marketscrediteconomyinflationMarketsOpinionrecessionViewpoints
0 Comment
Commentary The United States is in recession. While two consecutive negative GDP prints is a raw (technical) measure of a recession, there’s no escaping from it anymore. Essentially, many are wondering, how deep will the recession be? As I have detailed in my previous columns, the coming economic downturn is likely to be very deep…
It’s Worse Than Anyone Wants to Admit
July 29, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsinflationlabor participationOpinionrecessionstagflationU.S. economy
0 Comment
Commentary Yesterday’s news was entirely consumed in the throes of another definition change. What everyone understood as what it means to be in recession has been suddenly changed by government edict. It’s not a recession, they say. Everything is going just great, they say, unless you are among the troglodytes who desire plentiful and low-priced…
The Math Way Beyond Technical Recession
Commentary An absurd yet apt metaphor for this year’s predicament. It is widely believed that U.S. real GDP change in the second quarter of 2022 will tally up less than zero, just as it had during the first quarter. Should this happen (the estimate won’t be released until after this article is written), does that…
GDP Prints at a Technical Recession
NEW YORK (July 28th)—GDP printed at -0.9 percent this morning, 1.4 percentage points worse than market expectations of +0.5 percent. We had estimated the GDP to print up between nil to 0.5 percent up in our June Jobs Report. We attribute the “miss” to a continuing anomaly from the ports being cleared, discussed more below. The…
Biden’s GDP Disaster, Among Many Others
July 28, 2022
admin
Analysisbidenbiden administrationBusiness & MarketsBusiness ColumnistsGDPinflationlabor participationOpinionrecessionU.S. economyunemployment rate
0 Comment
Commentary What a difference a press release makes, even when it is only talking about the past. As we rolled out of bed this morning, economists surveyed by the Wall Street Journal were confident that economic output grew 0.3 percent in the second quarter. But then came the witching hour of 8:30am Eastern Time when…
Beyond Recession Probabilities
July 28, 2022
admin
Business & MarketsBusiness Columnistseconomic policieseconomyglobal recessioninflationMarketsrecession
0 Comment
Commentary The shortened U.S. trading week restarted on the Fourth of July with an enormous bang. Not some leftover fireworks, but rather chaos, disorder, and serious illiquidity across global financials. Most of it was focused, tellingly, on commodities, those like copper and oil which have until recently “benefited” maybe the most (apart from aluminum or…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta