Hedgehogs and Foxes

Age of Wisdom, Age of Foolishness (14) Written by Adam Whitehead, KeySignals.com The fox knows many things, but the hedgehog knows one big thing. (Archilocus: Greek mercenary and poet) Going into Davos, Policy Maker Speak and market price action conspired to create the global perspective that the global economic recovery was losing momentum. Observers had …

Deflation Treatment: Stabilize Symptoms, then Address the Cause

Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody by William K. Black, New Economic Perspectives Patient bleeding out? Don’t treat the bleed; keep the crash cart nearby Imagine you were a doctor in the ER when a patient was brought in presenting symptoms indicating a likely internal bleed. Here are the two critical …

U.S. Economy Gaining Momentum

by James D. Hamilton, Econbrowser.com Appeared originally at Econbrowser 30 January 2014 Caption illustration added by Econintersect. The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.2% annual rate in the fourh quarter. That’s two quarters in a row now of above average growth. Given recent experience, that sounds pretty …

Law of the Jungle

Age of Wisdom, Age of Foolishness (12) Written by Adam Whitehead, KeySignals.com Last week, the American Jury delivered its verdict on the economic recovery and the European Jury was asked to reconsider by the Judge.  Juries on both sides of the Atlantic had been considering the parochial evidence of their own domestic economies in isolation …