Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/free market fetishism

Innovation

…new at all but merely variations of older drugs already on the market…. Third, the industry is hardly a model of American free enterprise. To be sure, it is free

Stock Market Long Term Valuation

…stock market PE back to 1871. If you listen to Wall Street strategist they frequently talk about the long term average of the stock market PE being 14.5 as if…

Eye on the Bond Market

…low. One possible explanation is that the signals that the bond market is sending have been somewhat distorted this year (i.e. not reflective of average market sentiment) because of the…

What’s Up With the Housing Market?

…in price. This is what a peaking market looks like. Declines in housing market activity start with the markets that have appreciated the fastest, and spread from there. By the…