The Obamacare Plot Twist

For months, we've been told that the impending implementation of the Affordable Care Act (aka Obamacare) will lead to soaring healthcare costs and more expensive premiums. That narrative has taken hold, even for those who otherwise support the suite of reforms. And that's why the recent front-page article in the New York Times, reporting that premiums in New York State may actually fall 50 percent or more, came as such a surprise.

Read More

The Myth of the Stock-Economy Connection

Last week, I wrote a column in Time about the unfortunate tendency of investors, pundits, economists et al to view stock markets as barometers for the economy and economic data as indicators of the markets. This tendency is pronounced in the media in general and the financial media above all, which looks daily for a story about why markets move up or down.

Read More