What Happens if Inflation Is Overstated?
The NYT’s Floyd Norris jumps the gun on CPI and Owner’s Equivalent Rent this morning: "Since 1983, the government has...
A Consensus is Developing: Blame Greenspan
I love when an idea simultaneously blooms all over at once. If we saw the same meme suddenly pop up all over the mainstream, that would...
When Statistical Measures Fail to Capture Reality
The Sunday New York Times had an interesting story by Dan Gross about one of our favorite themes: What happens When Statistical measures...
NFP stinks — and Some People Still Don’t Get It
Today’s NFP number stunk the joint up: 75,000. That’s half of the monthly population growth, meaning the percentage of people working...
Wal-Mart and the Buck
Today looks to be a bumpy, with futures deep in the red as European stocks took a header on "a weaker dollar and prospects for...
CPI Overstates Inflation? Puh-Leeze!
Larry Kudlow has been flogging my Ben Bernanke as Neville Chamberlain quote for weeks now. So why do I think Ben Bernake is dovish on...
When does Risk Get Rewarded?
John Hussman of Hussman Funds writes: "Among the simplest truths is that market risk tends to be unusually rewarding when market...
Dear God, Please stop talking about 1994-95
Last night, the comparison came up with recent selloff action and 1987. But the more frequent relative comparison from the perma-Bullish...
Read It Here First: Owners’ Equivalent Rent and Inflation
Over the weekend, we discussed the various "shills and montebanks are coming out of the woodwork to proclaim — once...