The S&P 500 sets a record close as investors look past an uptick in consumer inflation. The Dow falls as the U.S. recommends a pause in the J&J COVID-19 vaccine.
Summarizing investor sentiment in his Weekly Kickstart note, Goldman's David Kostin writes that three macro issues dominated investor discussions about the US equity market since the start of the year: rates,…
Charles Goodhart, a brilliant banking historian and professor at the London School of Economics, recently said that “I have never seen a theory so criticized, in theory, and actually followed in practice.” He…
Our own country has tried one economic theory after another. The present Administration asked for, and received, extraordinary powers upon the assurance that these were to be temporary. Most of…
Since the price of crude oil and other industrial commodities collapsed and then rebounded in the wake of the Covid pandemic, there has been speculation about the start of a…
Recap: Global shares struggled to avoid losses for a fourth consecutive day following weakening business activity in the euro zone, while German and British 10-year bond yields touched multi-month highs.
The Federal Reserve responded to the 2020 coronavirus outbreak and lockdowns with an unprecedented expansion of the money supply. In many cases, overly expansionary monetary policy has historically led to…