Opinions Uncensored

Finding Religion on “Crowding Out”

Here’s Paul Krugman on a recent IMF report which says that government deficits don’t necessarily “crowd out” private investment: The false belief is that government deficits necessarily “crowd out” investment, so that reducing deficits should free up funds that lead to higher investment. Not...

Chicago Fed: "Index shows economic growth slowed in March"

The Chicago Fed released the national activity index (a composite index of other indicators): Index shows economic growth slowed in MarchLed by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to –0.42 in March from –0.18 in February.Two of...

Mortgage News Daily: Mortgage Rates Slide Sideways Again

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slide Sideways AgainMortgage rates figure if they can't be pushing down to new record lows, they might as well pass the time by shooting for different records. This time around, it's the record for FLATNESS! We calculate an average...

Base Case Becomes Grexit; Contagion?

At long last the deniers have thrown in the towel. Grexit is now the base case as Europe Braces for Messy Greek Endgame. It’s still possible that Greece can remain in the eurozone—though that is no longer the base case for many policy makers. At the very least, most fear the situation is going...

TIS A Sore Point On An Otherwise Clean Day

TIS is down 5.8% as of right now because they decided to price a 1.5 million share secondary offering. This is about 17% of outstanding shares so I can maybe see why the stock took a nice dive. The money is going to add another facility in South Carolina.
I have a longstanding policy not to...