There have been a lot of famous people named Milton offering society important lessons on a range of topics. Economist and 1976 Nobel Prize winner Milton Friedman was a prominent advocate of free market economics and wrote about the social responsibility of business to increase profits. Those lessons, including his book “Capitalism and Freedom,” spelled […]Read More
After months of speculation and more than a little economic angst, the Federal Reserve Board finally grabbed hold of the monetary policy lever and gave it a pull. So what comes next? Wall Street responded with a 103-point drop in the Dow Jones Industrial Average and the NASDAQ and S&P 500 followed suit on the […]Read More
For years consumers, economists and commentators tracked the increasingly early beginnings of the holiday shopping season. The day after Thanksgiving – Black Friday – is seen as the traditional start to the holiday spending season, joined in recent years by Cyber Monday for online shoppers. But the long lines of shoppers waiting in the early […]Read More
The National Football League kicks off its regular season the first week of September, but political football season is already here. And while there are a variety of issues voters, politicians and pundits are focusing on, the granddaddy of them all remains the economy. The conventional wisdom says people vote with their wallets and that […]Read More
After a tumultuous start to the month on Wall Street, it appears August came in like a bear. Whether it goes out like a bull is unclear. With the Federal Reserve Board’s Federal Open Market Committee holding steady once again on interest rates at its July meeting, pundits and prognosticators are looking to the two-day […]Read More
In the science fiction version for the future of artificial intelligence, humanity is destroyed by our robot overlords as the only way to save people. But the actual fact of AI isn’t all hearts and flowers, either. According to a study from the International Monetary Fund, the widespread use of artificial intelligence could wipe out […]Read More
We’re at the halfway point in the calendar year and financial punditry is in evaluation and prognostication mode. Assessing the economic results of the past six months is irresistible to those looking to fill column inches or airtime and there will always be an audience for hot takes about where the economy is heading. The […]Read More
The future looks bright for artificial intelligence, if you read the press releases, prognosticators and partisans. It looks a lot darker if you listen to the luddites and conspiracy theorists – and apocalyptic if you read any science fiction. But there is another dimension to the AI craze that is both more practical and far […]Read More
Everybody knows economies run in cycles, from boom to bust and everything in between. But ways of looking at the economy are also cyclical – from irrational exuberance to abject despair. Right now, we are in the cautious pessimism phase. Many observers are calling the current iteration of economic thought the vibe economy or “vibenomics” […]Read More
Long before there were memes and social media wasn’t even a pixelated gleam in Mark Zuckerberg’s eye, Wall Street had its own economic love language. Gems like “Sell in May and go away,” advising investors to take the summer off. Or “Never buy anything from someone who is out of breath” for obvious reasons. And […]Read More
