Alhambra Research Note: The Impact of Fiscal Policy on the Stock Market and the Economy
By John L. Chapman, Ph.D. Washington, D.C. May 28, 2012 The current debate in Washington over fiscal policy parallels that of the Presidential campaign: how do taxes and government spending affect the economy? Does more spending “grow” the economy, as modern-day Keynesians suggest? Can progressive tax increases benignly cut any government deficit? Both theory and .. read more
Eurozone Agonistes…Again
Thinking Things Over May 20, 2012 Volume II, Number 20: Eurozone Agonistes…Again By John L. Chapman, Ph.D. Washington, D.C. The tragedy of unemployment rates well north of 20% in Greece and Spain, 15.3% in Portugal, 10% in France and Italy, and so on is mirrored in negative GDP growth rates across most all of Europe, and .. read more
Fundamental Monetary Reform Is Coming…(Part One)
Thinking Things Over May 13, 2012 Volume II, Number 19: Fundamental Monetary Reform Is Coming…(Part One) By John L. Chapman, Ph.D. Washington, D.C. The monetary system is to the economy what circulating blood is to the body: the former enables the latter to function. If the former is plagued with a virus, the latter will .. read more
The Facebook Phenomenon and Its Economic Impact
Thinking Things Over May 6, 2012 Volume II, Number 18: The Facebook Phenomenon and Its Economic Impact By John L. Chapman, Ph.D. Canton, Ohio. Facebook, Inc. begins its investor roadshow this week in anticipation of an initial public offering on May 18. The company’s potential is virtually unlimited, though business history is replete with should-have would-have could-have .. read more
Alhambra Research Note: April Jobs Report and Investor Consequences
By John L. Chapman, Ph.D. Canton, Ohio. May 5, 2012 The U.S. economy added 115,000 non-farm payroll jobs in April, and the unemployment rate fell to 8.1%. We analyze what this means ahead of important weekend elections in Europe. The Department of Labor’s Bureau of Labor Statistics released its April jobs report Friday morning. Here are .. read more
Hubbard Versus Summers, and Goolsbee, and ….. Geithner?
Thinking Things Over April 29, 2012 Volume II, Number 17: Hubbard Versus Summers, and Goolsbee, and ….. Geithner? By John L. Chapman, Ph.D. Canton, Ohio. The economic news was mixed at best this past week, and in contrast to the majority in the economics prognosticators’ profession, we fear a near-term pullback — we do not mind .. read more
Monetary Policy, the Real Economy, and Asset Prices: Where are We?
Thinking Things Over April 22, 2012 Volume II, Number 16: Monetary Policy, the Real Economy, and Asset Prices: Where are We? By John L. Chapman, Ph.D. Canton, Ohio. In the wake of recent market volatility, and ahead of the Federal Reserve’s Open Market Committee meeting here on April 24-25, calls for another round of Fed easing, ”QE3,” have again .. read more
Are Stocks Fairly Priced? Efficient Markets and Inefficient Politics
Thinking Things Over April 15, 2012 Volume II, Number 15: Are Stocks Fairly Priced? Efficient Markets and Inefficient Politics By John L. Chapman, Ph.D. Canton, Ohio. Investors are living through an era of extraordinary uncertainty, as evinced by the incredibly wide range of professional opinion available at the moment from amongst the economic and financial commentariat. In the .. read more
