(Kitco News) - World stock markets were mostly weaker overnight. The very low volatility in global equity indexes continues. Such may continue to be the case until after the U.S. Labor Day holiday in early September. The post World Marketplace Quieter As OPEC Meets, FOMC Set To Meet was originally published at The Wall Street Examiner. Follow the money!
We are looking more and more like France on the eve of its revolution in 1789. Our classes are distributed differently, but the inequity is just as sharp. America’s “aristocracy,” once based strictly on bank accounts, acts increasingly...Show More Summary
Maybe Vanguard Funds' John Bogle knew he was about to ignite one of the hottest investing crazes of all time when, on Aug. 31, 1976, he launched the world's first index mutual funds. Then again, maybe he didn't. The post Why These Constant Market Highs Have Me a Little Concerned was originally published at The Wall Street Examiner. Follow the money!
Once the shared memories of these values are lost, the Empire ceases to exist; there is nothing left to reform or renew. Is renewal / recovery from systemic decline possible? The history of the Roman Empire is a potentially insightful...Show More Summary
(July 24, 2017 08:16 AM, by Bryan Caplan) I'm speaking in Paris this Thursday for Students for Liberty. Details here.P.S. Here's what I thought the last time I was in Paris nine years ago.... (0 COMMENTS)
Sally Satel, psychiatrist and resident scholar at the American Enterprise Institute, talks with EconTalk host Russ Roberts about the challenges of increasing the supply of donated organs for transplantation and ways that public policy might increase the supply. Show More Summary
You know the person who commits murder and the dead person really are both victims in Robert Samuelson land. His latest column on health care shows his great expertise in obscuring everything he touches to say it's all just so complicated. He tells readers: "Still, there’s no moral high ground. Show More Summary
A researcher expresses some surprise that patient satisfaction scores are “useful signals of quality.”
CalPERS' staff is trying to railroad the board with a not-very-well-thought out idea of an "independent" private equity venture.
This week marks the eighth anniversary of the last time the federal minimum wage was raised, from $6.55 to $7.25 on July 24, 2009.
Discusses broader economic effects of gross income inequality-- driven by obscene CEO pay rises.
The best shot at large-scale climate action under the Trump administration might lie with a lawsuit set to go to trial early next year.
The 6 month cycle up phase has gotten a second wind but the clock is ticking. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens report in pdf format. Not yet a subscriber?...Show More Summary
Weekend:• Schedule for Week of July 23, 2017Monday:• At 10:00 AM ET, Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 5.58 million SAAR, down from 5.62 million in May. Housing economist...Show More Summary
Many consumers buy multiple types of goods from a single location (or firm) to save on shopping costs, turning these goods into pricing complements. Using data from the UK, this column shows that the internalisation of these complementary effects by supermarkets greatly improves the competitiveness of grocery supply. Show More Summary
(July 23, 2017 08:11 PM, by David Henderson) Wall Street Journal editorial writer Joe Rago died this week at the age of 34. If you read the Review and Outlook editorials--the unsigned editorials that are published on the left hand side of the editorial page and reflect the... (0 COMMENTS)
US macro liquidity has grown slowly over the past year, decelerating in recent months. The current growth rate is just over 2%. Meanwhile, stock price inflation has surged, with prices up 16% in a year. This has created a large divergence between measures of US stock prices, and the Composite Liquidity Index (CLI). Show More Summary
The Washington Post has devoted enormous resources to trying to convince its readers that the federal government's disability programs are in crisis. And it has no qualms about misrepresenting the data to make its case. Today we got a great example in a question and answer session in reference to its latest major feature piece. Show More Summary
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. After a week in which we have been offered a joyous glimpse into what some of the BBC?s highest paid on-air presenters and stars earn ?...