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
Weekly Economic & Market Review
Targeted, timely and temporary. That was the clarion call of the Keynesians during the debate over the stimulus plan enacted at the beginning of President Obama’s current term. Stimulus was reckoned to be most effective when these three principals were embraced. We all know now that timely wasn’t much of a consideration in the structure .. 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
Liquidity Traps, Unemployment, and the Future of U.S. Equity Markets
Thinking Things Over April 8, 2012 Volume II, Number 14: Liquidity Traps, Unemployment, and the Future of U.S. Equity Markets By John L. Chapman, Ph.D. Canton, Ohio. Friday’s less-than-robust unemployment report has its origins in monetary mismanagement, with attendant consequences for investors. In the following essay we connect the dots. In the spring of 2003 .. read more
Say’s Law and Stimulus Spending to End Recession: Why It was Doomed to Fail
Thinking Things Over April 1, 2012 Volume II, Number 13: Say’s Law and Stimulus Spending to End Recession: Why It was Doomed to Fail By John L. Chapman, Ph.D. Canton, Ohio. So then you get the argument, well, this is not a stimulus bill, this is a spending bill! Well, what do you think a stimulus is? .. read more
