Finance

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 18, 2016

The Rise of the Central Bank

In economically advanced nations, all across the global, unusual financial events continue to unfold. It’s as though we’ve stumbled across a new, bizarre species in an […]
September 9, 2016

The VIX goes Crazy!

By the close of the NYSE today, the VIX was up almost 40%. And the DOW was down almost 400 points. What the heck happened? Why […]
August 26, 2016

Savings UP … while Rates are DOWN? What’s UP with that?

Many years ago, there was a time when Americans saved quite a bit of their income for that proverbial rainy day.  And for retirement. When the […]