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Regular readers know I often criticize so-called “experts,” usually economists or central bankers whose flawed decisions are punishing the rest of us. I find their expertise is not nearly as reliable as they seem to think. At the same time, I rely on experts whose judgment I respect. I know...
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Weapons of Economic Misdirection Hayek Versus Keynes GDP: A Brief But Affectionate History Will the Real GDP Please Stand Up? GDP Is a Political Construction Rhode Island and Toronto “Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful information...
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Say’s Law Makes a Comeback The BEA Introduces Gross Output Time to Put a New Economic Tool in the Box First, Let’s Kill All the Regulations Where Did the Jobs Come From? More Videos from the Conference Whistler, Maine, Montana, and San Antonio conomists are at this moment called upon to say...
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We have been assaulted with economic news of all sorts, from every corner of the globe, while trying to watch the Olympics and while we would rather be enjoying summer and decompressing (at least in the Northern hemisphere). But the data keeps coming. My friend John Silvia, the Chief Economist of Wells...
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Daddy’s Home Where’s All That Money Going? Leading Economic Indicators and the Yield Curve What About Retiree Final Consumer Demand? Hard and Soft Options Some Thoughts From Madrid Trequanda, Cincinnati, New York, and Singapore I have often said that when someone is appointed to be a member...
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I have been reading and talking with Simon Hunt for a long time. He is a very thoughtful Brit who spends a lot of time in China and thinks about copper and commodities and cycles. He has enough seasoning to have seen a few cycles himself. This piece summarizes rather well the view that he has expressed...
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This week your Outside the Box offers two views, one from the US and one from Europe, both dealing with banks and financing. First, back in July, my friend Chris Whalen at Institutional Risk Analytics wrote an important comment about how the situation in the housing market is blocking efforts by the...
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The Recession of 2011? The Streettalk/Mauldin Economic Output Index Is There a Recession in Our Future? The Bright Side of Europe’s Dysfunctionality The “Treasonous” Fed Some Final Thoughts Some Hope and Needed Help, Plus Travels The data this week was just ugly. Even the uptick in...
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In This Issue: Economic versus Political Theory Trichet Says “Non!” Again What Will the EU Do? All for One Euro and One Euro for All? We’re Off to Europe I have been doing a lot of reading this week, and today we look at some of the thoughts that keep coming to my mind. We’ll...
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A true understanding of geopolitics (and therefore geopolitical risk) is an essential piece of the puzzle in managing investments wisely. You're bright people, I know. If you need to know what's going on in China to inform your investments, you sit down in front of the keyboard, and after a few...