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De-equitization Juicing Market Gains

Click to enlarge   Fewer U.S. shares are available to purchase, which is driving prices higher.

Wrong Like It’s Their Job

@TBPInvictus here. Things have not been going well of late for the ideologues who also wax economic regarding inflation, interest rates, austerity, etc. They’ve been wrong at every turn. Luskin, Ferguson, Bowyer, Laffer, Kudlow, the WSJ editorialists, and so on. Been a bad five or so years.

Fisher: Fiscal Policy. Oy!

Fiscal Policy. Oy! (With Reference to Ben Bernanke, Ken Arrow, Thomas Jefferson, William Shakespeare and the Oracle of Omaha) Richard W. Fisher Remarks at the 2013 National Association for Business Economics Houston, TX · May 16, 2013   Speech in PDF  

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