2002 PBS interview: Richard Clarke
The Richard Clarke 60 Minutes interview will be another element in the ongoing electoral season, which will impact markets. It behooves...
Last of the Independents
I originally published this at essays & effluvia on March 23, 2004. > I often write about the intersection of politics and...
Why Job Forecasts Keep Failing
Once more, unto the breach: If Economists were baseball players, many of ’em would have been sent down to the minor leagues a long...
Oil prices are not Taxes!!
Aaargghh! Over the past 2 days, I heard Treasury Secretary John Snow, CNBC commentator James Cramer, and several other heads engage in...
Arab Voters Abandoning Bush in Key Swing States
The Wall Street Journal had an unusual and insightful election report today (3/17): “Arab-Americans Sour on Bush.” The...
Can radical Islam can win?
Interesting commentary from The Asian Times: Spain’s elections show why radical Islam can win: “Radical Islam has scored its...
The Fed, Elections and Rate Changes
We have a Fed meeting this week. Conventional wisdom is that the Fed’s hands are tied. As is so often the case, conventional wisdom...
BLS on Payroll vs. Household Survey
The Bureau of Labor Statistics weighs in on the now thoroughly discredited Payroll vs. Household Survey pseudo-controversy. Economists...
BARRON’S Turnabout: Which party is better for the markets?
“When push comes to shove, the investment community doesn’t seem wild about either candidate. It’s a bit like shopping...
Money, Gold, and the Great Depression
With all the mayhem of the past few weeks, several Fed speeches got overlooked. The one I found most intriguing was not from Big Al;...