Big, Economy-Enhancing Ideas from Laffer & Forbes

I participated in perhaps a bit of radio history last week when Steve Forbes and Art Laffer joined me on my syndicated radio show. It may have been the first time these supply-side-economics giants we. […] » Full Post

Source: RealClearMarkets - Articles |

The Unemployment Rate Is the Most Useless Measure of All

What’s the most useless economic measure that gains the widest attention among economists, the media, investors, money managers and policymakers? Among a disturbing number of indicators, a strong. […] » Full Post

Source: RealClearMarkets - Articles |

The Federal Reserve May Show Trump No Love

Typically, U.S. Presidents are wary of claiming stock market performance as a referendum on their success. Most have seemed to understand that taking credit also means accepting blame, and no one woul. […] » Full Post

Source: RealClearMarkets - Articles |

What the Media Will Describe As QE Doesn't Make It So

A little over four years ago, the Bank of Japan started off the first arrow of Abenomics with a bang. The Japanese had, of course, experimented with QE in all but a few years of the 21st century, so t. […] » Full Post

Source: RealClearMarkets - Articles |

The Fight Against Robots Is a Fight Against Prosperity

Those who rail against free trade as a job killer are beginning to grasp that they are boxing a shadow. The realization that jobs arent going to Mexico or China so much as to robots, digitization, and. […] » Full Post

Source: RealClearMarkets - Articles |

What Do Interest Rates Have to Do With Stock-Market Returns?

Many investors fear that stock prices will plunge when the Fed raises interest rates to normal levels. Others say, not to worry, the Fed only controls short-term interest rates, and stock prices depen. […] » Full Post

Source: RealClearMarkets - Articles |

Why Would Republicans Repeal What Is Already Dying?

The alleged failure of Republicans to repeal the mis-named Affordable Care Act (ACA) predictably has the conservative punditry up in arms. Why Cant Republicans Get Anything Done? was one of many frust. […] » Full Post

Source: RealClearMarkets - Articles |

A Call to Action In Pursuit of Substantial Tax Reform

Once-in-a-generation moment. We have to get this done in 2017. In a major speech last month, House Speaker Paul Ryan didnt mince words when it came to the urgent need to revamp our federal tax code, o. […] » Full Post

Source: RealClearMarkets - Articles |

Is the Upper Middle Class Really Hoarding the American Dream?

To hear Richard Reeves tell it, the upper middle class is fast becoming the bane of American society. Its members have entrenched themselves just below the top 1 percent and protect their privileged p. […] » Full Post

Source: RealClearMarkets - Articles |

There Is No Money In Monetary Policy at the Moment

When last we left Citibank, it was in the middle of 2014 very briefly overtaking JP Morgan for the top spot in derivatives dealing. For the longest time, ages even, JPM ruled that space due to the nat. […] » Full Post

Source: RealClearMarkets - Articles |

Abolition of the Senate's Byrd Rule Is Long Overdue

A central aspect of the U.S. Senate’s “Byrd Rule” is biased against tax relief, and it needs to be tossed out.With the battle over repealing ObamaCare, we’ve heard a good deal this. […] » Full Post

Source: RealClearMarkets - Articles |

East Germany: A Sad Lesson About 'Self-Sufficient' Economies

Those who complain about jobs lost to offshoring generally dont consider that the purpose of working is to consume. Offshoring production to other jurisdictions helps us to make the goods and services. […] » Full Post

Source: RealClearMarkets - Articles |

Calculating the Fed Funds Futures

US measures of core inflation fell from February through May. The US reports June CPI at the end of the week. There is a reasonable chance that the core rate stabilizes. However, the movement away fro. […] » Full Post

Source: RealClearMarkets - Articles |

Book Review: Russell Redenbaugh's 'Shift the Narrative'

During a 2005 visit with Andy Kessler, the investor, writer and speaker extraordinaire imparted some wisdom to me thats never been forgotten: the second best answer in the world is no. As Kessler expl. […] » Full Post

Source: RealClearMarkets - Articles |

Renewed Optimism As the Start-Up Geography Divide Narrows

Over the past several years, even as the national fervor over startups has continued unabated, there has been a string of negative findings about the state of American entrepreneurship. The Economic I. […] » Full Post

Source: RealClearMarkets - Articles |