…out open market operations, although that had largely passed. Indeed in more recent years when the Fed has intervened in markets it has been in the reverse repo market. In…

by New Deal democrat Marking my 2019 forecast to market One of the things I do at the end of every year, in the interest of transparency, is to go…

As of the market close on 11 March 2020 the S&P 500 PE had fallen to 18.2. This makes the market cheap in my valuation model as it has fallen…

…it has been negative about healthcare and the costs. I am not defending Gilead’s marketing of Remdesivir; but, a few articles (Common Dreams, The Intercept, etc.) written and the pundits…

Four measures of labor market losses in the pandemic Below is a graph of 4 ways of measuring the downturn in the labor market due to the pandemic: 1. Payrolls…

A housing market quandary: two completely contradictory reports on renting vs. ownership There are three potential areas of concern for the economy in the next 12 to 24 months that…

…the National Flood Insurance Program.  This is indeed a serious problem, and it is a problem caused not by markets, but by misguided government regulation of markets.  In a free…

The labor market closes out 2021 on the best note yet The final economic data in 2021 was this morning’s report on initial and continued jobless claims. And the good…

…draft this, the market is down 10%, which is “officially” a “correction.” (Most people define a bear market as requiring a 20% down move). I’m not interested in insta-calling a…

Initial claims: a little cooling in the white hot employment market Initial jobless claims rose 21,000 to 218,000, continuing above the recent 50+ year low of 166,000 set in March….