Op/ed: Cheap oil won’t help Detroit sell more cars — but discounts will
By Edward Niedermeyer U.S. auto sales boomed on Black Friday as huge discounts pushed volumes to more than 17 million units on an annualized basis, the highest level in 11 years. But even with big price cuts pumping up deliveries of new cars — likely at the expense of fourth-quarter profit margins — the biggest discounts of Read More →
Read More →Op/ed: The Gold Bug’s bull narrative keeps on failing investors
Rather than accepting certain unpleasant realities, gold bugs have contorted themselves into a painful waiting game.
Read More →Bank Secrecy Act spoils Christmas for merchants who prefer cash
Sometimes something that starts out with good intention can turn bad. This seems to be what has happened with the Bank Secrecy Act of 1970.
Read More →Op/ed: Lessons from Japan’s struggle to recover from a post-bubble bout of deflation
At its core, Abe’s decision to postpone the consumption-tax increase reflects the chaos that prolonged weak economic momentum inflicts on countries wishing to pursue more than one objective — in this case, raising living standards, curtailing the growth in government debt and breaking the private sector’s deflationary mindset.
Read More →Op/ed: It’s time to throw the book at currency bid riggers
Fining institutions makes great headlines, but those billion-dollar penalties punish shareholders, not the wrongdoers, and won’t change the culture of banking.
Read More →Op/ed: The net-net of neutrality debate is that innovation may be a loser
One of the most comical features of the net-neutrality debate is that both sides say the other is trying to stifle innovation. Both are probably wrong.
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