Not so long ago, student debt was mostly the responsibility of students. That is, you paid for college with loans and then paid off those
China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports
Okay, one more look at wage inflation, followed by a short diatribe on the unfairness of life. As the labor markets get tighter, power is
Economist Peter Bookvar recently analyzed the the anecdotal evidence of capacity constraints piling up in recent industry surveys, including the following: “Business is strong in
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality – that is, the annual decline in bullion demand from China and India
President Trump will soon nominate his second Supreme Court justice. The first, Neil Gorsuch, has so perfectly replaced the late Antonin Scalia that it’s safe
One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact that there are several definitions
Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the
After an artificial pause in 2017, US government debt has resumed its inexorable climb… …the dollar has fallen by around 5%… … and inflation –
Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now
Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But
Here’s one for the Clueless Regulator Hall of Fame: Corporate executives are using stock buybacks to pad their own compensation, according to SEC official (CNBC)
Monthly economic readings tend to be full of noise and are therefore unreliable. So it’s best to save the excited assertions for established trends. The
This has been a uniquely boring stretch for gold and silver – especially considering all the things going on in the world that ought to
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