Things have accelerated since then, and for example the WSJ ran an article in early March 2022 called “If Russian Currency Reserves Aren’t Really Money, the World is in for a Shock.” Here’s the opening paragraph: “What is money?” is a question that economists have pondered for cen...
I'm honored to be collaborating with former WSJ columnist Jonathan Clements at his site HumbleDollar. See my article Performance comes and goes, but costs roll on forever (the title is from Jack Bogle). At the end of last year, my daughter was binge watching Friends before its run on ...
Chart description: Bar chart showing that by McKinsey estimates, the global semiconductor industry is projected to become a trillion-dollar industry by 2030, largely driven by the automotive, data storage, and wireless segments. Power infrastructure may need an overhaul to keep up with AI energy de...
are immensely profitable. Until they’re not. Credit cards – unlike auto loans or mortgages – are unsecured loans. And recovery when the loan goes sour is small. The bank may sell the delinquent credit-card account to a debt collector for cents on the dollar and that’s all it may ...
Before the SECURE Act passage, anyone who inherited an IRA could draw down the account over a lifetime. Moonshot stocks In 2011, Marc Andreessen penned the “Why Software is eating the world” article in WSJ. Based on the recurring pattern of innovation, part of my portfolio is dedicated ...
Schiff has an op-ed in the WSJ today here: Home Prices Are Still Too High in which he says Even those economists worried about renewed price dips would be unlikely to believe that the vicious contractions of 2007 and 2008 (where prices fell about 30% nationally in just two years) could ...
Articles in categories 2, 3 and 4 get coded as Monetary Policy & Central Banking 24 Countries, Time Periods & Sources Country Period Sources United States United Kingdom Australia Canada 1885-2011 1930-2011 1985-2012 1980-2012 New York Times, WSJ Financial Times (UK Edition) Australian ...
« The WSJ channels Rothbard Read Paul Krugman and then read this: » 114 Responses to “What Ben Bernanke can learn from Humpty Dumpty” Lars Christensen 22. April 2012 at 08:08 Scott, I have a couple of comments. 1) How different is this proposal from the policy of announcing ...
As the WSJ opines: One lesson here is that the Fed’s great monetary experiment since the recession ended in 2009 looks increasingly like a failure. Recall the Fed’s theory that quantitative easing (bond buying) and near-zero interest rates would lift financial assets, which in turn would ...
The Wall Street Journalcompared prices in U.S. dollars in more than a dozen major cities worldwide with its own latte index based on prices at Starbucks locations. According to its last publication in 2018, the WSJ found that a latte cost $3.45 in New York City, $4.24 in Singapore, and...