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Essays

Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.

Rob Smith

My Encounter With Aliens From the Planet Dork

I left the big city last night to check on the farm. As the sun was about to set over the glistening Rappahannock, I was startled to hear a “whizzing sound.” A giant frisbee appeared out of nowhere.…

Joseph Calhoun

Donald Trump, Free Trader

Strategy and Tactics in the Global Trade War Strategy : A plan of action designed to achieve a long term or overall aim. Strategy guides the entire endeavor. Strategy generally won’t change unless…

Joseph Calhoun

Have Interest Rates Peaked?

Well Morgan Stanley sure seems to think so : The benchmark 10-year Treasury note yield has peaked for 2018 as trade worries, weaker emerging markets and a strong dollar cap the prior move upward in…

Joseph Calhoun

Chart Of The Week: Is It All About Oil?

Where would we be without the shale oil boom? The US economy has, since early in this century, become dangerously dependent on the energy industry. Core capital goods orders are now highly correlated…

Joseph Calhoun

Two Markets Diverge: TIPS, Gold & Growth

Gold has been highly correlated with real interest rates in the past. In particular the relationship between the 5 Year TIPS yield and gold has been very tight. This chart shows the 5 Year TIPS yield…

Joseph Calhoun

Optimism For Fiscal Reform Fading

There was a lot of hoopla last week about the stock market having doubled since the financial crisis low, but if the rally is to continue, it is critical that the political class ends the posturing…

Joseph Calhoun

How About a New Bretton Woods?

This weekend President Bush will host an economic summit of the G-20 nations. This summit has been compared to the conference at Bretton Woods, NH that convened in 1944 to rebuild the global…

Joseph Calhoun

In Times of Crisis, Trust Capitalism

The US government is executing a coup d’etat of capitalism and I fear that we will pay the price for many years to come. Hank Paulson, Ben Bernanke and a host of others tell us the credit market is…

Joseph Calhoun

The Choice: Capitalism or Regulation

Americans face the most important choice of a generation. Our economy is not performing as we would like. Inflation is too high yet home prices are falling. The credit markets are frozen as banks…

Joseph Calhoun

Fear and Loathing in the Markets

We were somewhere around 14,000 on the Dow when the delusions began to take hold. The economics babe was talking about how she hadn’t had so much fun since ‘99 and the bear visions had diminished to…

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