Silver as an investment

Category Archives: Fellows of the Econometric Society

Watch Live: Janet Yellen And Mervyn King At NYU

The NYU Stern school of business is hosting the latest installment of the “In Conversation with Mervyn King” series featuring outgoing Fed chair, ?Janet Yellen, who in just over two months, will depart the Fed, making way for her replacement, former Carlyle partner Jay Powell. While her speech is not expected to provide any market-moving […]

The Economist Went There – Shockingly Un-PC Study Shows Whites Work Hardest, Longest

A trio of labor economists suggest that effort at work is correlated with race… As The Economist writes, given the long history of making racial slurs about the efforts of some workers, any study casting black and Hispanic men as lazier than whites and Asians is sure to court controversy. But, a provocative working paper […]

Dear Jay… You Have A Problem

It is said that the markets will test a new Fed Chair early on and judging by the fact that financial conditions just tumbled to their 'easiest' in 24 years – despite four rate hikes – Jerome Powell will have his work cut out persuading the market that he is serious (before this bubble bursts). […]

Trump Met With Janet Yellen; Meeting Lasted 30 Minutes

The anticipated meeting between president Trump and Janet Yellen has concluded, and according to Fox News, it lasted no more than 30 minutes, running from 2:00PM to 2;30PM, or barely enough for Trump to stop patting himself on the back about the yuuge Dow Jones rally under his presidency. #BreakingNews WH official tells me Janet […]

Trump Expected To Announce His Pick For Fed Chair In Next Two Weeks

In the latest update on Trump’s search for the next Fed Chair, Reuters reported that the search has narrowed down to 5 finalists – Yellen, Warsh, Taylor, Powell and Cohn (condolences to Jeff Gundlach: his dark horse candidate, Neel Kashkari did not make the cut) – and that after meeting Yellen on Thursday, Trump will […]

Where Trump is failing to fix the economy with monetary policy

(Elite E Services) 10/17/2017 — Dover, DE — It’s no secret that the US economy has diverged into a massive 2 world system where there is also a massive gap in between; the employed and the wealthy have increasingly good lives while the poor and unemployed have a deteriorating quality of life.  As we have […]

One Trader Asks Whatever Happened To “Don’t Fight The Fed?”

Something appears to be off. After two consecutive admissions by Janet Yellen that the Fed has lost its grasp on the “mystery” of inflation, the market no longer appears eager to chase the direction of every Fed proclamation, especially the recent, hawkish ones. And, as Bloomberg’s Mark Cudmore writes this morning, “whether it’s because the […]

If Economists Are So Smart, Why Are They Always Wrong?

When I took Econ 101 and 102 as a young college student back in antediluvian times the textbook we were assigned was Paul Samuelson’s Economics: An Introductory Analysis. This book is the all-time best selling economics textbook and is still around today (19th ed.). I had the 1961 edition. In it, Samuelson, a prominent Keynesian economist who won […]

“It Is A Battle Between Data And Theory” – Fed PhDs Second-Guess Inflation Model After 5 Years Of Failure

Federal Reserve officials are finally waking up to the fact that there’s something wrong with their inflation models. It only took them five years. As Bloomberg points out, the minutes from the Fed’s July policy meeting, released yesterday, included a debate about whether the models that help the central bank set its inflation target are […]

Drugs & Demographics – National Tragedy, But Where From?

Authored by Jeffrey Snider via Alhambra Investment Partners, In 1928, the fertility rate of American females (aged 15 to 44) was 93.8 per 100,000. By 1931, the first year of full Great Depression and collapse, the rate had declined to 84.6. It would bottom out, unsurprisingly, around 1933 and 1935 and the end of the […]