Financial Markets

Hyperinflation isn’t ancient history. It’s a recurring policy failure with war-level damage.

Financial bubbles, which used to be rare, have become a way of life, thanks to a quarter century of easy money policies from the Federal Reserve System. We need to better understand how bubbles form and why they are so harmful.

While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.

While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.

In finance, memories are short. The mortgage industry makes out with 50-year paper, the consumer, not so much.

For the past 30 years, the US economy has bounced from one asset bubble to another. The recent Tricolor Holdings and First Brands bankruptcies are just another example of an economy being pumped up by the Federal Reserve.

The governmental response to the covid pandemic was to cripple the economy. To compensate for the damage, the Federal Reserve unleashed massive inflation in an attempt to do what the Fed always does in a crisis: bail out the economic actors.

The Dutch Tulip Bulb Mania of the 1630s continues to fascinate, especially given the recent asset bubbles our economy has experienced. What caused this bubble is worth a second look.

The political establishment is trying to stoke panic that Trump is “politicizing” the Federal Reserve. But it’s already political. The real danger, from their perspective, is not that Trump is changing the Fed; it’s that he’s making its true nature harder to hide.

Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.