Why Not Just Raise the Price of Sin?
Habit forming: A few weeks ago, we noted that Economics of Smoking were such that raising prices reduced the amount people smoked. While...
Chart of the Week: NASDAQ w/ MACD momentum
Kevin Lane notes that “Both the fast and the slower stochastics are turning down from overbought levels suggesting momentum waning here...
Quote of the Day
Amusing persective from longtime market observer Richard Russell: Russell suspicion (of course, I could be wrong): "Greenspan...
Wages & Personal Income
Why did U.S. workers suddenly see a "surprisingly large increases in pay at the end of 2004?" According to a new comprehensive...
Housing is Dominating Economic Activity, part 3
> Barron’s Alan Abelson references David Rosenberg, Merrill Lynch’s economist, in a post on Housing. Rosenberg’s...
U.S. dominance in science and engineering at risk
We’ve been hammering away on this topic for a few years now. The United States, through a combination of bad policy and a...
Atypical Business Cycle Recovery
How atypical is the present recovery, in terms of employment rates and NILFs, when compared to prior cycles? This much: > Its readily...
Federal Reserve Responsibilities Outsourced to China
The Fed Chairman was overheard to remark: “If we can’t do it, maybe they can” >The Peoples Bank of China (PBOC) announced to day...
Careful What You Wish For . . .
Talk about timely: Yesterday, I pointed to a fascinating piece of research/commentary from GaveKal Research Limited of Hong Kong,...
More Greenspan Today
Get set for some more of the same from the Fed Chair today. Here’s some resources to use: The complete text of testimony Federal...