Global and US Economy

Man Hiding Under a Box

Our Thoughts on Today's Market Volatility

Stocks broadly took a beating today, with the S&P 500 and Dow Jones each down over 3%. This accelerates a downward trend that started in late September, pushing the S&P 500 down almost 5% in...
Dart on a Page with Stock Prices

"Three Economists Walk into a Bar..."

We have written many times in the past about the problems with economic forecasts. The more specific they are, the more wrong they tend to be. And the consensus is usually wrong, as history shows....
European Continent

Brexit Occurred: Quick Thoughts

The UK has voted to exit the European Union. Global markets are down, and the US markets are likely to open weaker too. COMMENT ON TODAY’S ACTIVITY Today’s market activity reflects investors’...
Debt Snapshot by Country

Greece and the EU: Update on Current Status

While the daily drama unfolds in unpredictable ways, the big picture about Greece is that its economy is not structured to support its national debt. That means to us that a Greek default is...

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