In early November, I had the pleasure of having lunch with Bill Strauss, the Senior Economist and Economic Advisor at the Federal Reserve Bank of Chicago. As the lead economist in Chicago, Bill shares research with the other 11 Federal...
In the wake of the Standard & Poor’s (S&P) credit downgrade of the United States debt obligations (our bonds, bills, and notes that are owed to investors both domestically and globally), there is an abundance of interest, debate, and concern...
We will probably not see any meaningful increase in inflation in 2011 or 2012. Despite polls of consumers who collectively are certain inflation is just around the corner, and numerous market commentators who believe that the governmental stimulus efforts make...
When investors hear the term risk, their thoughts turn to losing money. Ironically, the financial services industry and academics define investment risk as the volatility of prices. Volatility measures how far prices move above and below an expected level. Investors,...
____________________ will win the Super Bowl. ____________________ will win the Oscar Award for Best Picture. Making predictions is fun and relatively painless if you are wrong when forecasting things like football games and entertainment awards. The stakes are raised when...
