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Dollar Suicide It wasn’t Colonel Mustard in the library with the candelabra. And contrary to recent press reports, it wasn’t Prince Alwaleed in the desert with a cartel. It was, in fact, Dr. Bernanke in the temple with the printing press. And since Dr. Bernanke is, in effect, the dollar incarnate — the walking embodiment of the soundness of our currency — if the dollar does die, it will not have been murder. It will have been suicide... To view the entire article and chart, click here.
Posted by Jerry @ Oct-29, 11:13 am
Nobel's Stockholm Syndrome It was because of a woman named Bertha Kinsky. She was a pacifist and a free-thinker (which means anti-religious). He fell in love with her, and they married, but she left him. He was wealthy, but not intellectually respected. He inherited his father's industrial business, which was, horror of horrors, an arms manufacturer. He was not a college graduate, but he learned chemistry anyway and developed dynamite, and became one of the wealthiest men in the world. He went on to write poems and anti-Christian plays, but they never respected him. She never really respected him. Alfred Nobel had money, but not status... To view the entire article, click here.
Posted by Jerry @ Oct-29, 11:11 am
Why Milton Friedman Is Still Right The easy-money advocates had a tough summer. In August alone, the price level increased almost half a percent, raising the average annual rate of inflation for the past three months to almost 5 percent. Wholesale prices, especially of raw materials, have also been moving upwards, as has the “prices paid” index of the Institute for Supply Management's survey of the manufacturing sector (the service sector has had more mixed recent results). Across the board, the stats show a broad consensus that we have switched from a deflationary trend to an inflationary one... To view the entire article and the chart, click here.
Posted by Jerry @ Oct-29, 11:09 am
Birthers, Earthers and Founders Perhaps no controversy in recent years illustrates more clearly the dismal state of American civics education than the controversy pertaining to Barack Obama’s birthplace. People who are woefully ignorant of Article 4, Section 1 of the Constitution of the United States again are locked in mortal combat with people who are woefully ignorant of Article 2, Section 1 of the same document. The only good outcome that one can hope for in this struggle is that they both lose... To view the entire article, click here.
Posted by Jerry @ Sep-23, 1:51 pm
Jerry Bowyer Guest-Hosting NightTalk on PCNC Jerry Bowyer guest-hosted NightTalk on PCNC in Pittsburgh on Tuesday, September 1st. NightTalk aired live at 8 pm. Jerry interviewed Diana Irey and Glen Meakem.
Posted by Jerry @ Sep-23, 1:49 pm
Buzzcharts: Worst. Hires Rate. Ever. It’s not enough for most people to know what the unemployment rate is and whether it’s going up or down. It’s not enough for investors and entrepreneurs living during some of the strangest times in American financial history. And it’s not enough for citizens trying to decide whether the policy proposals now in Washington are worthy of their support. If you fall into any of these categories, you need to know more about the labor market than the headline numbers. In particular, you need to know the JOLT... To view the chart and entire article, click here.
Posted by Jerry @ Sep-23, 1:48 pm
Obama’s Magical Misery Tour As President Obama steps up his rhetorical attempts to take credit for an improving economy, it seems proper for BuzzCharts to take a moment to review the data — and a little history... To view the entire article and chart, click here.
Posted by Jerry @ Sep-23, 1:44 pm
Kempism: Who is the Next Jack Kemp? We're going to need another Jack Kemp. We're in the same mess now as we were when he rose to prominence in the 1970s: rising taxes, energy rationing, and a misguided belief that we can counter all of that with the printing press. We're going to need someone who can understand the fundamental truth of the Laffer Curve, and still has the charisma to lead men and women in the political sphere... To view the entire article, click here.
Posted by Jerry @ May-08, 1:00 pm
Accounting for (Congressional) Dummies This week, I watched with amazement Larry Kudlow’s joust with Congressman Brad Sherman about accounting. Sherman was fresh from his Stalinist show trial of bank CEOs. Having spent the afternoon berating the banks for having the audacity to pay a dividend to their beleaguered shareholders, Sherman went on to lecture Kudlow about the same topic. Larry pointed out that the money for the dividends didn’t come from TARP and so it is really none of congress’s business. Sherman said that, because dividends come from “capital,” that indeed it was taxpayer money... To view the entire article, click here.
Posted by Jerry @ Apr-06, 11:12 am
Cheering Crowds And Plunging Markets The investor class was not nearly as impressed by yesterday’s inauguration as the political class. Inauguration day 2009 was the biggest stock sell off in the history of inaugurations. Look at financials in particular. I see at least one index down 10%, others dropped even more. I know the drop started before he spoke, but the speech had only one reference to the financial sector and it was a reference to ‘greed’ (at least he used the word ‘some’). I’m pulling for him; I’m praying for him. But the investor class can’t afford to have anything other than a clear eye unencumbered by gauzy hype. To view the entire article, click here.
Posted by Jerry @ Feb-13, 1:46 pm
Presidents And The Constitution: What Obama, Roosevelt and Madison really said John McIntyre of RealClearPolitics and I were both on Larry Kudlow's radio program on Saturday afternoon. Larry asked us both the same question: "Is there anything that Obama could say on Tuesday that will make you feel good about where he is taking the country?" To view the entire article, click here.
Posted by Jerry @ Feb-13, 1:44 pm
Sports Mania Is a Poor Substitute for Economic Success Tomorrow the Pittsburgh Steelers square off against the Baltimore Ravens, and the Philadelphia Eagles square off against the Arizona Cardinals. The winners will go head to head on Feb. 1 in Super Bowl XLIII. If there ever was a time to crow about the wonders of rebuilding a city around a professional sports team, this would be it. Three of the four teams remaining in the play-offs hail from cities -- Baltimore, Philadelphia and Pittsburgh -- that in recent years spent billions rebuilding their downtowns around pro sports facilities and other community "anchors." To view the entire article, click here.
Posted by Jerry @ Feb-13, 1:42 pm
Satyam and Outsized Outsourcing Exaggerations There was a good Wall Street Journal piece this morning on Satyam [SAY 1.36 -7.99 (-85.45%) ] … which by the way is Sanskrit for ‘truth’. The CEO puffed up both revenues and earnings and margins over the past several years... To view the entire article, click here.
Posted by Jerry @ Jan-12, 12:54 pm
Stop The Reform-Industrial Complex! Yesterday former SEC Chairman Arthur Levitt published a piece in the Wall Street Journal calling for more regulators as a response to the Madoff scandal... To view the entire article, click here.
Posted by Jerry @ Jan-12, 12:51 pm
Malthus And Scrooge "Since you ask me what I wish, gentlemen, that is my answer. I don't make merry myself at Christmas and I can't afford to make idle people merry. I help to support the establishments I have mentioned: they cost enough: and those who are badly off must go there.'' "Many can't go there; and many would rather die.'' "If they would rather die,'' said Scrooge, "they had better do it, and decrease the surplus population." To view the entire article, click here.
Posted by Jerry @ Jan-12, 12:49 pm
NBER: the Official Sponsor of the 2007 Recession Who died and made the National Bureau of Economic Research boss? During the past two days my in-box has been flooded by NEWS ALERT: RECESSION OFFICIALLY STARTED IN 2007 or some simulacra thereof. So who made the NBER the Supreme Court of recession calls? I asked them. The answer was not really confidence inspiring... To view the entire article, click here.
Posted by Jerry @ Dec-22, 12:54 pm
Lessons From A Capitalist Thanksgiving It's astonishing and a little horrifying that America's elites know so little about their country's history. Case in point: Jared Bernstein of the Economic Policy Institute. Jared is an influential left-ish economic polemicist and a sometime adviser to Barack Obama on economic affairs. I've debated with Jared dozens of times over the past several years, but what happened this week was especially disturbing... To view the entire article, click here.
Posted by Jerry @ Dec-22, 12:52 pm
Susan and I hope we see you at our free Harry Potter event Join us, along with Harry Potter expert and author John Granger, for the following two-part event: Saturday, November 22 “Learning Literature from Harry Potter” Coffee at 6:30PM Talk at 7:00PM Sunday, November 23 “Looking for God in Harry Potter” Lunch at 12:00Noon Talk at 12:30PM It will take place at: St. Stephen’s Church 220 Eighth Avenue, McKeesport Childcare will be provided for both days. For more information or directions, contact Susan Bowyer: 412-751-8603 Regards, Jerry
Posted by Jerry @ Nov-13, 11:46 am
Jerry and Chris Bowyer covering election results Jerry and Chris Bowyer appeared on a special election-night edition of Cornerstone Television's Focus 4 with Ron Hembree yesterday evening. They discussed the live election results and the economy from 7:00 to 9:00 pm ET. You can learn more about Focus 4 at: http://www.ctvn.org/focus4/
Posted by Jerry @ Nov-05, 12:36 pm
Jerry Bowyer on CNBC Special Is Your Money Safe? Jerry Bowyer appeared on CNBC’s special report “Is Your Money Safe?” on Monday, November 3rd. The show aired at 8:00 PM EST.
Posted by Jerry @ Nov-05, 12:32 pm
Do you know of anyone who's interested in Harry Potter? If you do (and maybe it’s you), please let them know about a couple of Harry Potter discussions we are sponsoring at St. Stephen’s Church in McKeesport. My good friend John Granger, who has written several wonderful books about the Harry Potter novels, will be our guest speaker. John has just finished a book about the deeper theological and philosophical themes in Harry Potter. He is also writing a book about the many ways in which J.K. Rowling has incorporated the great themes of English literature into her stories as well. Instead of the Harry Potter books becoming ‘gateways’ to the occult or youth culture rebellion, they turned out to be ‘gateways’ to William Shakespeare, Jane Austen, Charles Dickens, Dante and Plato. The events will be held on the evening of November 22nd and early afternoon on November 23rd. There is no charge, it’s our treat. If you’d like to know more, send an email to JerryBowyer@comcast.net and I’ll send you some details. Regards, Jerry
Posted by Jerry @ Oct-21, 2:33 pm
Financial Mustard Seeds You don’t hear many references to the New Testament in financial journalism these days. Maybe that’s part of the problem. Larry Kudlow is a notable exception. Over the past week in the midst of numerous pieces of bad news, Larry has made continual reference to ‘financial mustards seeds of hope’ in our financial markets. What does that mean? To view the entire article, click here.
Posted by Jerry @ Oct-21, 2:24 pm
Why Palin Will Win Forget the pundits — look at what happened to the Intrade political futures market, tracing Sarah Palin withdrawal futures in real time, as Palin debated Joe Biden. They are now lower than Biden withdrawal futures... To view the chart and the entire article, click here.
Posted by Jerry @ Oct-21, 2:21 pm
Ron Paul Vs. Alexander Hamilton Ron Paul says that the Paulson plan is unconstitutional. So does Michele Malkin. Newt Gingrich hinted at constitutional problems but said outright that the plan was un-Republican. I heard a southern House Republican tell Larry Kudlow that the plan was unconstitutional and unprecedented. To view the entire article, click here.
Posted by Jerry @ Oct-21, 2:20 pm
Jerry Bowyer on Kudlow & Company Jerry appeared on CNBC’s Kudlow & Company on Thursday, October 16th. The show aired at 7:00 PM EST. Jerry Bowyer is Chief Economist to BenchMark Financial Network and a CNBC contributor.
Posted by Jerry @ Oct-21, 2:17 pm
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