Category Archives: Uncategorized

The “Uncertainty” Dodge: Policy Certainty Is the Real Problem

In my previous post I discussed the national revolt against the effete DC policy elite.  Meet William A. Galston, Obama supporter and holder of the “Ezra Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a … Continue reading

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Revolt Against the Elites

Something big and fundamental is happening in America—a broad-based revolt of ordinary citizens against Washington elites, left and right.  Elite arrogance and ineptitude across a multiplicity of issues has provoked the unwashed masses beyond the Beltway.  Let us count the … Continue reading

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Trayvon, Antiq, and the Failure of Liberalism

The look on Anderson Cooper’s face was taut, anguished, stricken – as though he had just learned that his boyfriend had had an affair with his mother.  Actually, it was worse than that.  The prosecution in the Trayvon Martin case … Continue reading

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Implications of a Part-Time America

Economists are slowly, belatedly noticing how Obamacare will shift the U.S. labor force toward part-time work, something I have been writing about for a few years.  The obvious avenue is the 50/30 rule–employers must provide insurance if they employ 50 … Continue reading

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A Whiff of Complacency

Exactly a year ago we wrote a prescient post titled “Muted Expectations Could Set the Stage for a Positive Stock Market Surprise.”  Analyzing Barrons’ survey of 12 equity strategists, published in early September 2012, we suggested (incorrectly) that their forecasts … Continue reading

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Larry, Janet, and Democrats’ War on Women

Lecherous Democrats Bill Clinton, Anthony Weiner, Bob Filner and Elliott Spitzer have given a whole new meaning to the phrase “hands-on management.”  But nearly as indefensible is Obama’s desire to name Larry Summers, rather than Janet Yellen, to replace Ben … Continue reading

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Republicans, Don’t Throw Obama in the Briar Patch

To the modern ear the Uncle Remus stories sound racist because they’re in the dialect of the “old South,” and call to mind Jim Crow and demeaning racial stereotypes.  But I agree with Professor Damon Fordham (catch his excellent analysis … Continue reading

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Defending Profitability: This Is Not Your Parents’ S&P 500

A few weeks ago I had lunch with the strategist for a major buy-side firm who has been correctly positive on stocks.  He said the biggest push-back he got on his bullish call was that profits would be weak.  It’s … Continue reading

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Obama’s Potomac Fever

In a CNBC interview JP Morgan CEO Jamie Dimon celebrated the manifold strengths of America that will drive the next economic boom: “This country not only has the best military on the planet, it has got the best universities, the … Continue reading

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China Double Play: Slowdown & Cleanup

We revisit two important investment themes: China Slowdown Yes, China is a compelling long-term growth story.  So was the U.S. in the 19th century, but it still had financial panics and deep recessions in 1819, 1837, 1857, 1873, and  1893.  … Continue reading

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