Black Friday Proves Americans Are Stupid

Black Friday Proves Americans Are Stupid

As you know, Black Friday gets its name from the financial phrase, “in the black.” Specifically, many retailers merely get by just for this one day, when they can get their financials in the profitable side of the column. There’s a reason why we don’t have a...
Why the Yield Curve Matters

Why the Yield Curve Matters

During the midweek session, the equity markets suffered their worst collapse of this year. In particular, the Dow Jones Industrial Average shed 800 points, striking fear among investors. But what has especially worried economists is the inversion of the yield curve....