Tag: U.S. economy

Commentary Ben Bernanke, former head of the Federal Reserve from 2006 to 2014, has co-authored a paper with Olivier Blanchard of the Peterson Institute for International Economics, that seeks to account for inflation rates that have knocked at least 15 cents off the value of the 2020 dollar. Reading the paper for me was a trip back in time when ...

Commentary The New York Philharmonic’s performance of Gustav Mahler’s 9th Symphony, brilliantly conducted by Gustavo Dudamel, lived up to the piece’s immense reputation. Written in 1909, it is the last gasp of the Old World wrecked by the Great War. It left the audience in tears of melancholy reflection. The ceremonial and traditional silence following the final movement was as ...

Commentary As an investor, it’s very easy to look at the current environment and shake one’s head. There’s a tremendous amount of headwinds. Given the volumes of headlines involving inflation, the debt ceiling, incompetence in Washington, geopolitical risks, China, etc., some investors may just give up and stash away their cash. But that could prove to be rather short-sighted. If ...