October 2, 2016

A Race to the Bottom

On March 10, 2005 Ben Bernanke gave a speech to the Virginia Association of Economists.   He made a novel statement:   “Over the past decade,” he said, […]
September 28, 2016

The Steak House Index (SHI) Update – 9/28/16

Welcome back!   Yes, it’s Wednesday once again, so we’re heading back to the steakhouses!    Let’s throw a New York on the grill! Actually, if we’re […]
September 26, 2016

Predicting the Future

I came across a worthwhile TED talk over the weekend.   At the end of the talk, the speaker quoted Niels Bhor, a Danish physicist who received […]
September 21, 2016

The Steak House Update 9/21/16

Before we sink our teeth into this weeks filet mignon, permit me a quick comment about the FED.   Today at 11:00 am (Pacific) the FED released […]