Oops! Reinhart-Rogoff Research Tripped Up by Typo
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
DoubleLine’s Gundlach Crushes Notion of Great Rotation, Bond Bubble
The Fed and the U.S. Treasury clearly don’t want any customers outside of central banks and active traders like himself, DoubleLine CEO Jeffrey Gundlach says.
Houston, We Have a Spending Problem—News Analysis
Across-the-board spending cuts set to begin this week are an opportunity to be embraced, not a horror to be avoided.
Peter Schiff: Currency War Objective Is to ‘Kill Yourself’
The outspoken head of Euro Pacific Capital is at it again, noting one major reason a currency war is unlike a conventional war.
Obama: GOP Holds Nation Hostage on Debt Ceiling
President Obama dispelled any doubt Monday as to whether the fiscal fight over government spending is going to be bare-knuckled.
Hey Schiff, Where’s the Inflation?
Even though dire predictions of hyperinflation have yet to materialize, the outspoken CEO of Euro Pacific Precious Metals still claims recent action by the Fed will have consequences—and they won’t be pretty.
Obama’s Treasury Secretary Pick Is Said to Be Jack Lew
Nomination would signal White House intent to “keep Treasury close” to its sphere of influence.
Krugman for Treasury Secretary? Draft Movement Under Way
In news destined to make conservatives revolt (or retch), a movement has been started to draft Paul Krugman for Treasury secretary.
Why Not Just Fall Off the Fiscal Cliff?
Contrarians and some politicos on both the left and the right have started to ask the forbidden question: Why not just fall off the fiscal cliff?
Demagogues and the Election
What is a demagogue and why should you care? One advisor's look at how things are likely to change after the election.