In 2008, we were introduced to a new government policy tool by then Treasury Secretary Hank Paulson called the “bazooka”. …
“Pig in a Poke” dates back five centuries and once meant purchasing a piglet in a sack sight unseen. It’s…
We have watched with wry amusement politicians battle over corporate common stock repurchasing, or “buybacks”, the process where a company…
Nine years of economic expansion makes investors anxious. Expansions generally don’t last this long without a setback. Some market analysts…
Price level surveys play a central role in monetary policy and government budgets. Our modern CPI, or Consumer Price Index,…
Most investors have been taught stock prices are meticulously calibrated by the market. A stock’s price is said to reflect…
The obituary of the small bank has been written a thousand times. Actually, if you measure since we joined the…