How The US Fed Damaged The American Economy Too many years of zero interest rates caused a stock market bubble WASHINGTON – I indicated a while back that whoever would be elected President of the United States on November...
Chinese Communist Party Instructs Media To Stress “Superiority of China’s System” When confronted with bad news, all autocracies tell lies WASHINGTON – The Financial Times reports that the Chinese Communist Party gave detailed directives to all Chinese media about...
China Is Not A Market Economy The Chinese Government intervened to prevent a stock market crash in order to avoid political fallout WASHINGTON – The Chinese government’s reaction to the recent Shanghai and Shenzhen stock market crashes and ensuing panic provides...
US Stocks Rise Because Of Bad Economic News? A mediocre economy means that stocks continue to benefit from zero interets rates WASHINGTON – Here is a clear economic news non sequitur, now considered “normal”, as financial markets lost any connection with the real...
Fed Induced Wall Street Bubble Keeps Going – For Now Zero interets rates will keep stocks artificially high for longer than we thought. Is this what we call good news? WASHINGTON – Right before the most recent Federal Open Market Committee, (FOMC), meeting, Wall Street was on edge. Would...
Is Wall Street Going To Crash? Are sharply lower stock prices just a "healthy correction"? Or is this the beginning of a serious downturn? WASHINGTON – If you believe that US stocks are priced fairly, then the current sharp dip experienced by Wall...