Former Federal Reserve Chairman Alan Greenspan is worried about a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan said in a recent interview. “When they move higher they are likely to move reasonably fast. We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted ...

The prevailing view of earnings estimates is, to be blunt, dim. Many investors believe that companies and analysts conspire to keep estimates low to produce a “surprise” that drives the stock price higher. Anecdotal evidence suggests that the practice is widespread. The 30 companies in the Dow Jones Industrial Average met or beat the so-called consensus earnings estimate an average ...

There’s a nice Annette Idler item at the Monkey Cage on what’s at stake in Venezuela that answered some questions I’ve been thinking about as a non-specialist. Call me naive or a foolish optimist, but I suspect that the most likely end to the North Korea “crisis” is that it will fizzle out. Yes, Donald Trump is capable of irrational ...