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John Maynard Keynes famously said that “when the facts change, I change my mind. What do you do sir?”. Today with widespread reports of...
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John Maynard Keynes famously said that “when the facts change, I change my mind. What do you do sir?”. Today with widespread reports of...
President Joe Biden has done the right thing to resist strong pressure from the Democratic Party’s progressive wing to replace Jerome Powell as head...
In 2009, when asked why Citibank kept lending aggressively on the eve of the US housing and credit market bust, Chuck Prince famously said...
On Wall Street, the more sophisticated traders are in the habit of asking investment analysts with strongly held views what factors might prove them...
A sound piece of policy advice is that when you find yourself in a hole you should stop digging. Judging by today’s Federal Reserve...
Today’s disappointing GDP numbers must be a source of concern in that they raise past ghosts of stagflation. In particular, they suggest that not...
Turkish President Recep Erdogan has dug himself into a deep currency crisis hole through his eccentric economic policy views. Yet, judging by last week’s...
When it comes to major economic imbalances, the most dangerous five words that economic policymakers can utter are “this time will be different”. By...
In the 1970s, we learned at a considerable expense that inflation can come in two basic varieties proving that America’s inflation problem won’t go...
Over the past two decades, a disturbing weakness of Federal Reserve policy has been its almost exclusive focus on the short-term attainment of its...