Economics

February 26, 2016

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Retirement: An Economic Disaster and a Health Catastrophe?   A letter to Financial Times columnist Michael Skapinker last week brought our attention to a personality we hadn’t heard of, but who is well-known in Europe.  Dr. Charles Eugster is a 96-year-old...
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February 11, 2016

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Europe’s Banks Are Showing Cracks  We’ve been expressing our worry about the health of the European banking system for years.  Starting in 2012, many European banks relied on “CoCos” — contingent convertible bonds — in an attempt to shore up...
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January 22, 2016

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How Fast Will the Fed Raise Rates? The “dot plot” of the Federal Reserve shows how the opinions of various FOMC participants stack up, and is published after each meeting.  December’s dot plot suggests that the majority is anticipating four...
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October 09, 2015

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What Is Going On With the U.S. and World Economy? There are times when things with which I am very familiar are reported in the financial media with 80% accuracy. And there are other times when things with which I am...
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October 23, 2014

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The European Central Bank buys securities from banks. Under Mario Draghi, the European Central Bank has embarked on its boldest stimulus yet — expanding its balance sheet by purchasing various kinds of asset-backed securities from Eurozone banks. We applaud Draghi’s determination, and...
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October 17, 2014

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Falling Oil  Oil continues its sharp decline, driven by seasonal factors, although a strong U.S. Dollar and global growth slowdown fears are also involved. Oil companies have been hurt, and the U.S. consumer is benefitting from cheaper gasoline. Although the strong Dollar...
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