Outside the Box, April 2018
April 18, 2018
Lacy Hunt is in the very top rank of US economists. He would have made an excellent Fed chairman, if you ask me (no one did who mattered); but he goes on holding down the fort, along with partner Van Hoisington, at Hoisington Investment Management in Austin; and so you and I continue to have the benefit of Lacy and Van’s quarterly updates, which I always feature here in Outside the Box.
April 11, 2018
I have talked at length in recent months about the well-proven limitations of Federal Reserve modeling of the economy. (See for instance “Data-Dependent ... on Imaginary Data.”) And come to think of it, I’ve been on their case for years. The Fed’s predictive capacities are demonstrably abysmal. In today’s Outside the Box, Ambrose Evans-Pritchard, the intrepid international business editor of the Daily Telegraph of London, joins the fray.
Ambrose’s criticism of the Fed’s current posture on...
April 4, 2018
In Outside the Box I try to bring you ideas that are, well, outside the box. This is increasingly important as we all find ourselves locked into confined social, political, and economic spaces that prevent us from seeing different perspectives. Often those perspectives are important, and sometimes they’re critical.
Today we will go even further outside the box than usual and consider a thought that is practically unspeakable to many. Is short-term US Treasury debt really “risk-free,” as...