Mark Twain’s old adage that “History Doesn’t Repeat Itself, but It Often Rhymes” by my reckoning has never been more accurate with respect to the…
In a world awash in financialization, how is one to differentiate something from nothing? The home you live in seems pretty tangible; it's framed with…
Its been quite a while since I posted my thoughts on the economy. So long, that there is a good chance that some percentage of my original PaperEconomy…
Today’s release of the Chicago Fed National Financial Conditions Index (NFCI) shows pretty clearly that financial conditions are quickly becoming…
Oh how the mighty have fallen! This current stock market rout, which by my reckoning has only just begun, is already taking a serious toll. The…
The most recent Primary Mortgage Market Survey® published by Freddie Mac® shows that mortgage rates are simply exploding higher with the average rate…
Looking a little deeper at today’s Producer Price Index (PPI) report makes it pretty clear that our current bout of inflation is not only sustained, but…