This week we entered the Sell Zone.
What’s left to monetize? It appears the answer is “very little.”Advertising has always monetized consumers’ time and attention, what we call engagement today. Newspapers and periodicals publish advertisements, radio/TV networks…
June Federal tax data showed that the market rationale for the rallies in stocks and bonds was just plain wrong. I wrote about it last…
The US manufacturing sector may not be in as bad a shape as its German or Japanese counterparts, though it appears to be catching up on the downside. The Census Bureau reports today that new orders for all types of goods in all industries fell 1.6% year-over-year (unadjusted) in May 2019. This was the first […]
It boils down to two very simple principles: accredit the student, not the institution and teach every student how to rigorously learn on their own.Vested interests have every incentive to maintain the status quo: specifically, thos…
The benchmark 10-year US Treasury yield closed below 2% for the first time since Donald Trump was elected President. Having flirted with that level several times over the past week, today the most-watched interest rate on the planet finally breached this one startling round number. And it comes during a week which by every conventional […]
Unable to tackle effective monetary requirements, bank regulators around the world turned to “macroprudential” approaches in the wake of the Global Financial Crisis. It was mostly public relations, a way to assure the public that 2008 would never be repeated. A whole set of new rules was instituted which everyone was told would reign in […]
It was supposed to be the Chinese government who was going to rescue the global economy. Once the rationalizations ended and officials around the world realized there was serious economic weakness building at the end of 2018 instead of a globally synchronized inflationary recovery, the green shoots of 2019 were going to be in one […]
If we consider the long term, it’s clear America’s economy and society have been declining for the average household for 50 years.What if the “prosperity” of the past 50 years is mostly a statistical mirage for the bottom 80% of households? What i…
This green shoot didn’t wilt so much as it exploded into a fireball.
