I took myself to the new movie Blade Runner 2049 to see what kind of future the Hollywood dream-shop is serving up in these days.
The crypto currency Bitcoin just hit another all-time high, reaching 5606.
The Bitcoin price is rising mainly because of the two imminent hard forks that will create “free money” for anyone who owns some of the digital currency.
The persistent flattening of the Treasury yield curve appears to still have legs, and that may be a sign of economic trouble ahead.
We tend to measure what’s easily measured (and supports the status quo) and ignore what isn’t easily measured (and calls the status quo into question).If we use gross domestic product (GDP) as a broad measure of prosperity, we are 160% better off than …
Financial media pundits have been breathlessly speculating lately about who the next Fed Chair will be. Will it be Yellen again? Will it be Cohn? Will it be Warsh? Or will it be somebody else?
I have a pretty good idea, and if I were handicapping this race, I’d give Warsh 3-2 odds.
But among the names that have been floated to replace Yellen, there have been no radicals except Yellen herself. The rest of the horses in the race are all members of the Washington-Wall Street-axis-establishment echo chamber.
If there’s a radical in the crowd, it’s Madame Chair herself. Yellen, who is the shortest Fed Chair in history, even shorter than Bernanke, is growing in stature in my eyes.
Here’s why Yellen is a hero – and why her legacy will remain even if Trump says, “You’re fired!” on his current “reality” show production.
The Mr Obvious Award goes to
Recently-minted Nobel Laureate Richard Thaler from University of Chicago confessed his puzzlement (and nervousness) at the historically low stock market volatility.
England swings like a pendulum do, except downwards. Rightmove’s Great London Average Asking prices have fallen -3.2% YoY in September.
The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years. One of the more mysterious aspects of the official inflation rate is the hedonic quality adjustments that the Bureau of Labor St…