Director of the Quantitative Finance Program, Stevens Institute of Technology; also Director of the Hanlon Financial Systems Research Center at Stevensforbes.com/sites/georgeca… Washington, DCJoined May 2020
The President wants a rate cut to bring down mortgage rates -- but as my Forbes column explains, the interest rate policy lever is not working right now.
forbes.com/sites/georgeca…
The financial world is on edge in anticipation of the September rate cut by the Federal Reserve. But what if it is...ineffective, even meaningless? What if rate cuts doesn't work anymore as a stimulus measure?
That's the focus of my latest Forbes column, here:…
This should be simple. Ms. Cook either lied or she did not lie.
CNN reports she apparently did lie:
"In mortgage documents filed in 2021 and reviewed by CNN, Cook pledged to live in her Ann Arbor home as her primary residence for at least one year, unless her lender agreed…
More to chew on , for anyone who sees the govt data collection process as the "gold standard" – Draw your own conclusions from the pattern of the errors
The Bureau of Labor Statistics is long overdue for an overhaul. Many "mainstream" critics have called for it. Its "jobs numbers" fail the standard statistical test for precision and reliability of measurement.
Here's my latest Forbes column, with the details.…
The Washington DC murder rate is almost 9 times higher than New York City. 3 times higher than the cartel-ridden capital of Mexico.
As a DC resident, I say bring on the national guard. The Guard is deployed in NYC already. It's long overdue here.
The U.S. cracks the whip (the announcement of the Alaska summit) -- and Europe actually jumps into action. Wonders never cease. Good for them. Good for us.
New York Federal Reserve's economists predicted last year that the U.S. would be in a Recession right now -- 61% probability.
My Forbes column explains why they got it wrong:
forbes.com/sites/georgeca…
GDP Growth up 3% in US. The IMF revises global growth upwards, also to 3%. There is no recession (yet) -- despite the almost unanimous predictions of the "experts."
Here is my latest Forbes column where I analyze the problems with economic forecasting in detail.…
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