The True Gold Standard (Second Edition)
That’s what I hope to do by retiring now after more than 26 years crunching LBMC’s monthly economic and market forecasts. Stipulating of course that Joni Mitchell meant laughing with, not at (or cursing)— like many in these turbulent years. In this final issue of LBMC’s Economy Watch, I’ve compiled the recent summary of LBMC’s history and methods in Economy Watch and Market Watch, as a sort of coda.
Also as a thank-you from ‘M’ to those with and from whom I’ve been privileged to work and learn, starting with ‘L’ (Lewis E. Lehman), ‘B’ (Jeff Bell) and ‘C’ (Frank Cannon), our clients, and ‘R’—‘L’s’ great mentor Jacques Rueff, whose analysis of the dollar’s ‘reserve currency curse’ (July & Oct 14 EW) and Rueff’s Law of Unemployment (Sept & Dec 14 EW) we tried to implement. If I had to cite one contribution to economic forecasting, it’s using the ‘World Dollar Base’ to predict the commodity-led price inflations (Aug14 EW) that triggered recessions in 1991, 2001 and 2007. It’s LBMC’s strategy for stock- market investing in market forecasts (Aug 14 MW & chart below). I plan to keep applying such principles at the nonprofit Ethics and Public Policy Center (www.eppc.org/programs/economics) to fix public policy.
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