I wonder if Ben Bernanke will ask for do overs on the FOMC meeting yesterday. Whatever reaction he expected from the inaction and statement of continuing belief in the future moderation of inflation (a belief that at this point is akin to the belief in unicorns) I’m guessing it wasn’t a near 400 point sell [...]

The last two weeks have been very trying as oil prices have spiked and the stock market has sold off. Our portfolios have fallen back from the highs we set at the end of last month, but our commodity exposure has, as planned, mitigated the damage. I know this development is frustrating, but it is [...]

The Presidential election campaign this year offers little relief for those of us hoping for sensible economic policy. On one side we have John McCain who has said publicly that he knows little about economics and apparently feels the need to prove it in his campaign proposals. On the other side, we have Barack Obama [...]