Author: John Mason

My estimate for the cumulative deficit over the next 10 years before the Obama budget was announced this week: in excess of $15 trillion.My estimate for the cumulative deficit over the next 10 years after the Obama budget was...

I usually don’t write up Fed actions within the month unless something seems to be going on. Last week, bank reserve balances at the Federal Reserve went up by $108 billion. I thought that this increase was significant...

One of the most wildly optimistic articles I have seen on the economic recovery recently appeared yesterday in the Wall Street Journal: its title, “Corporate Cash Hoards Offer Hope.”...

The Great Recession is over. Remember, the recession ended in June 2009 getting close to two years ago.To many, it sure doesn’t feel like it. Since the second quarter of 2009, over the last six quarters, real GDP has grown...

On Saturday, Allan Meltzer made the statement that “Inflation is coming.” Like the 1970s, we are in for another bout of high unemployment and inflation, which “flummoxed” the Federal Reserve’s...

I would like to recommend another article on bank accounting practices. This is the article by Michael Rapoport in the Monday’s Wall Street Journal titled “’Toxic’ Assets Still Lurking At Banks.”...

The yield on the 10-year Treasury bond closed at 3.48 percent yesterday. Just a little over five months ago the yield on the 10-year Treasury bond was at 2.48 percent, a full 100 basis points lower than the current yield....

“How the Crisis Catapulted Us Into the Future,” is the title of Martin Wolf’s opinion piece in the Financial Times this morning. Wolf, in the article, ruminates on what he experienced last week at the World...