Category Archives: Economy
Ending the Business Cycle with Guesswork
In the fall of 2010, the U.S. economy had been in recovery for about 18 months. At least that was the official word from the National Bureau of Economic Research, which dated the recession from December 2007 to June 2009. … Continue reading
Shooting Monetary Blanks
Severe storms in the Midwest and South are flooding out levees and riverbanks at a rate not seen in 74 years. From what we gather, if levels rise much higher at the confluence of the Ohio and Mississippi rivers the … Continue reading
Oil Hits 32-Month High As Unrest Persists in the Middle East
Oil prices keep going up. Gas prices too. We filled up our tank on Wednesday and paid $4.19 per gallon for the cheap stuff. What gives? According to the President high oil prices are caused by speculators gaming the oil … Continue reading
Removing All Doubt
Oil prices jumped above $106 per barrel this week. What gives? The short answer: global supplies are tightening while consumption is increasing. “Energy economists continued to gauge how recent unrest in Libya, Bahrain, Yemen and Syria will affect exports from … Continue reading
