Thanks to Emancipation Day in Washington, D.C., Tax Day has been pushed off to April 18. That gives me a
The decline in nominal GDP portends another recession.
Stocks got a big boost from the Fed and share buybacks in 2013. 2014 is off to a poor start. With the birth rate declining, the longer-term trend for the economy doesn’t look good.
According to a recent poll, most CFA Institute members expect the Fed to continue or increase QE.
Just got back from Texas, where taxes are low and the speed limit is high.
Interest rates rise in anticipation of the Great Tapering. But quantitative easing will continue for some time, pushing rates lower again before they go higher.
Although Reinhart and Rogoff made some errors, their conclusion remains unchanged. Too much debt slows growth. So why does the left think it has won the debate?