One Step Forward, Two Steps Back? What do the 2010 home buyer tax credits have to do with today’s stock market? After producing a huge spike — actually two, due to the initial credit being extended and expanded — the housing market resumed its swoon. With a vengance: the second half of 2010 and well into...Read More
“An Attempted Hypodermic Straight to the Economy’s Heart” A fascinating, even feverish dialogue is taking place right now — joined by some of the financial world’s most influential thinkers — concerning what will happen next week, and what economic consequences will flow from that outcome. The elections next Tuesday? Try, the Fed’s much-signalled intention to...Read More
Economic Theory, Then & Now The U.S. is now 234 years old, and yet over half the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. –David Rosenberg; Chief Economist, Gluskin Sheff It’s hardly a saving grace for today’s financial mess, but it HAS been gratifying to see...Read More
Revisionist History As historians know full well, Presidential reputations sometimes take decades to settle out, experiencing ups and downs in the meantime. For example, Harry Truman left office in 1953 quite unpopular. Over time, though, his stock gradually rose as society came to appreciate — after the fact — his straight-talking populism, common sense, and...Read More
