Can Stock Markets Predict Elections?

No one seems to be talking about what really might have led to the Obama win. The stock market. The basic reasoning is that people connect their “social mood” to the incumbent and social mood directly relates to how the…

J.D. Salinger and the Estate Tax

Reading J.D. Salinger’s obituary, I thought about the estate tax and then beyond to a Mark Helprin interview last June. Have you wondered, with the 2010 suspension of the estate tax (called by some the “Throw Momma From the Train…

A New Kind of Misery Index?

11.84 is the current level of our “misery index” if we use what Arthur Okun (economic advisor to Lyndon Johnson) created. November unemployment + inflation rates = 11.84. However, according to Floyd Norris, a new index might be more appropriate.…