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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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Retraction!

This essay was originally posted on Thursday, April 7, titled "A Picture Worth a Million Words." That title is still appropriate, but not for the reason originally implied. Unfortunately, the last three months data used for that chart was in error.

Bad data = bad chart = bad conclusion!

Corrected and updated data is used in the chart below. The sub-title says it all.

Our sincere apologies.

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