We released our new United States and California forecasts today. As we note in our publication, available online HERE, we are pessimistic relative to consensus, particularly for 2010 quarters 2, 3, and 4. It appears […]
Read moreSome countries do not follow Milton Friedman’s freely floating exchange rate advice (see my recent blog). Instead, they peg their currency to the U.S. dollar. Sometimes they have logical reasons for doing so. Usually, this […]
Read moreIt has been 57 years since Milton Friedman wrote his paper “The Case for Flexible Exchange Rates” where he argued that the benefits from a market economy and a free trade system would be enhanced […]
Read moreThe February United States jobs report sent the equity markets up this morning while respected commentators like Edmund Phelps, (Columbia, Economics Nobel in 2006), remark that they worry that the “recovery” might not have legs. […]
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