Money

The Worst of All Possible Worlds, Conclusion

“How do I loathe thee? Let me count the ways. I loathe thee to the depth and breadth and height My soul can reach… I loathe thee with the breath, Smiles, tears, of all my life; and, if God choose, I shall but loathe thee better after death.” —What Browning…

Stop the Insanity!

“We recall not too long ago when extraordinary monetary policies were reserved for recessions or financial panics.” —Lead editorial, The Wall Street Journal

The Worst of All Possible Worlds

“Tout est pour le mieux dans le meilleur des mondes possibles. [All is for the best in the best of all possible worlds.]” —Voltaire, “Candide”

A Few Disastrous Examples of Government Overspending

“History is the most humbling of subjects.” —Wilfred M. McClay, Woodrow Wilson International Center

A Closer Look at the “Panacea”

People whose political opinions put them well to the left of the center of American opinion will naturally find themselves sympathetic to many of the policy proposals put forth by the Democrat Presidential candidates. People well to the right of center will naturally be hostile to those policies.

Modern Monetary Madness

When I think about MMT — Modern Monetary Theory — I visualize an odious miscreation squatting in its squalid swamp for decades, waiting only for an opportunity to erupt from the scum and devour the world’s economies.

Pittsburgh: Buy, Sell or Hold?

We’ve asked a group of the region’s leading financial experts to give their opinion on the following question: “If the Pittsburgh region were an investable security, what changes, if any, would you want to see before you advised your clients to invest?” Their answers follow.

Recession and the Fed

We’ve asked the region’s top wealth managers to respond to two questions: 1) If the current economic expansion lasts past July, it will be the longest in U.S. history. When do you expect the U.S. economy to enter into a recession? 2) After raising interest rates steadily for more than…

The Dear John Letter (to your Financial Advisor)

For many people, the worst part of the process of terminating an advisor happens at the very end, when you finally have to tell the guy the relationship is over.

Firing Your Financial Advisor, Part III

Now that we know why we’re going to fire our financial advisor, let’s talk about when to do it. Obviously, if any of the issues I detailed in my last post are operating, the time to fire your advisor is ASAP.

Firing Your Financial Advisor, Part II

If you Google “Should I fire my financial advisor?” you will land on a lot of brain-​dead articles. If any of the reasons listed in those articles apply to your financial advisor and you haven’t fired him, you’re probably hopeless.

Firing Your Financial Advisor

“You’re fired!” – Donald Trump. The incredible — and incredibly long — bull market in both stocks and bonds that has persisted since the end of the Global Financial Crisis is now teetering. Whether or not the market bloodbath that occurred in October continues, the bull will in fact come to an end one…

Fed Folly and its Practical Effects

“The… task of economics is to demonstrate to men how little they really know about what they imagine they can design.” –Friedrich von Hayek

The Fed’s Act of Cowardice

We are talking about America’s Monetary Keystone Kops, who have, since 1987 (when Greenspan became chair of the Federal Reserve), been masquerading as central bankers. (Or maybe it’s the other way ‘round, it’s hard to tell.)

Bernanke’s Blunders

We’ve assessed the successes and failures of central bankers in the 1930s. Now let’s turn our attention to their modern counterparts.
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