Question: If money is just an exchange medium, why is an financial crisis so catastrophic for most industries when almost all goods and services can technically still be produced/provided without the existence of money?
After two years of 40% expansion under Quantitative Easing, money supply started to decline in March when the Fed halted QE and implemented the first of a series of hikes in the overnight rate.
In this op-ed submission, I argue that a cessation of growth in the broad money supply, achieved by a reduction in QE combined with a reduction in deficit spending, is adequate in and of itself to bring in
Investors groping for a bottom to the current bear market in stocks are searching in all the wrong places. Some are obsessing over the Federal Reserve's overnight rate policy. Some are perusing company results. Some are worrying over a potential recession. Still others are watching technical indicators to signal a washout bottom. But these are not the best tree
In "The Semiconductor Shortage (WSJ 3/13/21)," your editorial staff understates the problem of the American semiconductor supply chain. Aside from the Intel microprocessor, which has fallen a generation or more behind Taiwan-sourced AMD, not a single logic chip is made in America any more. They are designed here but manufactured at TSMC in Taiwan. This is an exi
Executive Summary: T+2 settlement days serves short sellers well by providing shares for them to borrow, and it serves brokers well by encouraging clients to open margin accounts that enable brokers to lend shares earning high double-digit annual rates of return, but T+2 is not a good deal for consumers, whose shares end up working against them because of a flagrant conflict of inte
