United States

That's right, despite all of the recent "bubble talk," it is entirely possible that stocks could rise 30% higher from here. However, it is not because valuations are cheap because as I discussed in my recent analysis of Q3 earnings stocks…

The most recent economic data have been a bit soft. Below I take a brief look at what the data flow seems to be saying

St. Louis Federal Reserve President, James Bullard, spoke to Bloomberg News Editor in Chief Matthew Winkler this morning at Bloomberg’s The Year Ahead 2014 conference in Chicago. What he said there confirmed my comments las week about the…

As I have been intimating for the last few months, the United States is in the midst of a regime change in monetary policy. We are moving from quantitative easing to forward guidance as the main unconventional policy tool to guide Federal…

The macro debate today is about secular stagnation and the correct policy response to deal with it if it exists. With that backdrop, it is interesting to read Jeremy Grantham’s latest quarterly letter to investors, which sounds a word of…

The recent increase in long-term rates is causing major changes in the mortgage markets. Here are some key trends

After having been considered to head both the Federal Reserve and the Bank of Israel earlier this year, Lawrence Summers has been propelled back into the center of the broader economic dialogue with a speech at a recent IMF Economic Forum.…

As we approach the fifth anniversary of the start of the first quantitative easing program, some are asking the thorny question about the so-called "distributional effects" of these unprecedented programs. Who really benefited since the…

Fed Chair nominee Janet Yellen believes that the Fed will keep rates at zero long after the 6.5 unemployment threshold, according to news reports. Yellen made the comments responding to an inquiry by Massachusetts Senator Elizabeth Warren…

We've had a number of questions on energy sources in the United States - particularly with respect to the generation of electricity. Here are a few interesting facts about recent trends that hopefully help clarify some of the confusion…