When policy folks talk about America’s federal borrowing, their go-to measures are the public debt, currently $12 trillion, and its ratio to gross domestic product,...
Apple’s (NASDAQ:AAPL) been on a decade -long tear, rewarding many investors pretty handsomely. But in a September Investor Playbook piece we published last year near...
It’s absolutely nuts that implied volatility has exploded higher on such a small decline from recent highs. In the attached video, I explain this week’s...
Markets throughout the world cratered yesterday and today. The US, Asia, Europe, bonds, stocks, and precious metals especially got whacked. Wall Street pundits and opinion...
Unemployment matters. It is a major source of unhappiness, mental ill-health, and lost income. Yet after a century of economic research the determinants of unemployment...
The Federal Reserve has become somewhat of a financial super hero. Sure, it’s not acting in everyone’s best interest (unless you’re a big bank), but...
Those in Washington and elsewhere have little interest in drawing attention to the municipal disaster that is the City of Detroit, Michigan. While nobody likes...
John Cochrane has an excellent article in the Journal of Economic Perspectives, discussing a wide range of finance problems. Here’s a small sample: The period...