The Fed Is Frustrated That Its Five-Year Plan Isn’t Working
Dumb as government economic statistics are, the recommended responses to them are exponentially dumber.
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economics
Potential Upside To All the Past Federal Waste?
History says the governmental incompetence that Jenkins so routinely and expertly reveals doesn’t stop at our borders. Maybe past government waste will finally bring with it an upside.
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The Bullish Development of Global LNG Markets
Another benefit of globalized LNG markets will be the quieting of country autocrats who merely threaten to cut off the flow commodities, along with the pundits who have a naïve tendency to believe their threats.
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You Can’t Separate the Unemployment Report From the Virus and the Border
In prosperous economies the surest sign of prosperity is relentless job destruction. In 2020, we saw job destruction of a different kind whereby panicky politicians decided economic contraction was the answer to a virus.
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Goldman Sachs’s Economists Need to Get To Know David Solomon
Every time a government shutdown happens, or is threatened to happen, economics reporters find economists at Goldman Sachs and other prestige institutions willing to tell them how much GDP will shrink due to a lack of near-term government spending.
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Failure Won’t Hurt China, a Bailout of Country Garden Will
China’s Evergrande has been staring bankruptcy in the face since 2021. More recently, media members have fingered Country Garden as yet another large China property company that could fall. Supposedly this signals “crisis” for China. Not explained is why.
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The Boundless Foolishness Underlying ‘Soft Landing’ Mythology
It’s a waste of words to say the central planning that underlies Fed conceit always fails, not to mention that the surest path to lower prices is economic growth as is.
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If the Economy ‘Collapses,’ Biden Should Go To Bed, Trump Should Golf
If voters really want to avoid a future “financial crisis,” they would vote for Biden if he promises to go to bed after the next financial institution failure, and Trump if he promises to play golf.
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Chinese Economists Disagree With Xi Jinping. But Xi Is Right.
The consensus among the allegedly wise is that China is “enduring its worst economic slowdown in years.” If the latter described the United States, economists and pundits would be calling for massive increases in government spending. How very backwards.
Chinese Economists Disagree With Xi Jinping. But Xi Is Right. Read More »
The Fed As the Inflation Fix? Sorry, But Markets Aren’t That Stupid
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
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