Markets and Money

No Cure for Old Age

Last night, we had an encounter with the US healthcare system. Your editor’s mother, 94, was having trouble breathing. So we took her across Baltimore to an outfit called Patient First on the campus of…

Deflation Works!

We’ve been exploring how the credit bubble resolves itself. Inflation? Deflation? Are we locked in to a long, long period of stagnation, slump and economic sclerosis? Yesterday, we shared our research department’s forecast for the short term: Based on simple regression-to-the-mean logic, it suggests that the ‘most likely’ course for US stocks over the next … Read More

Markets and Money