FF Wiley's picture

By FF Wiley – The world hardly needs another theory of the Fed, especially so soon after its Jackson Hole symposium. But we have a theory, too, and who knows, ours could be as close to the bulls-eye as any of the others. Plus, our theory is...

Global Risk Insights's picture

By Global Risk Insights – Automation is on track to disrupt the status quo everywhere, but nations with a youth bulge will be more affected than others. A large youth population whose employment and future is threatened by automation...

Independent Institute's picture

By Independent Institute – While it won’t be news to MyGovCost readers, President Trump did indeed tie together aid to fund the recovery to large-scale damage caused in Texas and Louisiana by Hurricane Harvey with an increase...

Charles Hugh Smith's picture

By Charles Hugh Smith – The high housing costs crush wages argument is more nuanced. The high cost of housing means that much of the nation's available capital stock is invested in housing, rather than in productivity-boosting...

Michael Shedlock's picture

By Michael Shedlock – The news on Hurricane Irma is grim and worsening. The record-breaking Hurricane is described as “apocalyptic”. Irma is one of three hurricanes in the Atlantic basin, the first time since 2010 that three active hurricanes...

FS Staff's picture

FS Staff – For the most part, what economists do today is build models, and specifically what are called 'equilibrium models.' Inside these models, the economy is either in or moving toward this idealized equilibrium. This is the first thing we need to know...

Adrian Ash's picture

By Adrian Ash – Gold bullion held $5 below yesterday's late spike to 12-month highs in Asian and London action on Wednesday, trading at $1340 per ounce after a key US Fed policymaker said weak inflation warns against raising...

Mises Institute's picture

A few weeks ago I was quoted, along with several other business-school professors, in a newspaper article on President Trump's management style. Does the fact that Trump was a successful business person before becoming...

Matthew Kerkhoff's picture

By Matthew Kerkhoff – I was originally going to publish the latest article in our option series today, wrapping up our discussion on getting paid to buy stocks, but the market reaction to North Korea seems more pressing, so we’ll...

Jill Mislinski's picture

By Jill Mislinski – The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also find historical data back to 1959. Let's examine the numbers and study the relationship between...

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