By Bill Fox, Senior Bonds Analyst
12/22/2008 3:00:00 PM
With trillions of dollars committed to financial rescues, it seems that we now have decided that elected officials in Congress are superior arbiters of economic rehabilitation. Are we really to think that a polarized group of lawyers, doctors and who-knows-what-they-did-before will be prudent in their spending? Given the choice of the lesser of two evils, I will take Bernanke’s resume against anyone's in Congress.
Filed Under: monetary policy, Ben Bernanke, New Deal
Category: U.S. Economy
A One-Word Answer
Can all the socioeconomic variables in all their complexities be accurately accounted for to engineer a viable macro-economic policy? No.
By Bill Fox, Senior Bonds Analyst
12/11/2008 4:00:00 PM
I would like suggest that due to its complexity and immeasurable quantitative data points, the science of economics has failed. (To be sure, the economic models that we have labored under have also failed us in the past. I am out of fingers and toes trying to enumerate the number of booms, panics, crashes and failed central banks since 1776.)
Filed Under: New Deal, inflation, deflation
Category: U.S. Economy
By Vadim Pokhlebkin
10/31/2008 4:00:00 PM
You may know that the Elliott Wave Principle is a contrarian investment method. Based on years of observing market behavior, we at EWI know that while the best news typically comes near market tops, the worst news appears – you guessed it, near bottoms...
Filed Under: socialism, New Deal
Category: European Markets