Are negative interest rates the answer?

You may have heard of the newest wrinkle among central bankers. It’s called “NIRP,” which stands for negative interest rate policy. Several countries have already implemented this policy and are hoping their actions will stem the tide of deflation and low economic...

Why free trade has a bad rep

The Establishment–Economists, politicians of both parties, Wall Street and Corporate America–are horrified. One of the lynch pins of capitalism has suddenly come under attack. The growing anger over free trade is threatening more than 30 years of trade...

Why Wall Street is worried about Trump

Normally, Wall Street loves GOP presidential candidates. Historically, Republican presidents have been good for business, tend to cut taxes, and slow the rate of government spending. So why does Donald Trump give them the willies? For starters, the investment...

Populism and Wall Street

New Hampshire is behind us, but voters’ new found populism is just beginning to impact the presidential elections. Could there be real change brewing as a result? Readers may have noticed that thus far. I have avoided commenting on the candidates, their rhetoric, or...

Is a recession looming?

  The funny thing about declining stock markets is that when they last more than a couple of weeks, talk of recession starts to percolate among investors. It is no different this time. I have written before that the stock market has erroneously called the last 13...

Christmas in the New Age

Back in the day, going home for Christmas was what you did.   Family members and friends would make their yearly pilgrimage to the old homestead. Car, plane or train, it made little difference how long it took, because everyone wanted to be home for the holidays. But...