Tag Archives: ben bernanke
Rising Food Prices are No Laughing Matter
The Commerce Department reported on Wednesday that wholesale inventories rose 0.5 percent in August. What’s more, according to the Commerce Department sales at wholesalers rose 0.9 percent in August…the first increase since April. What this means exactly we don’t quite … Continue reading
Helping the World Ruin Itself
“Iacta alea est.” – Suetonius to Julius Caesar, upon crossing the Rubicon, January 10, 49 BC Yielding to Political Will Yesterday brought forth new evidence that man, despite his better judgment, will nearly always yield to political will. Several months … Continue reading
Within the Vice-like Grip of the Secular Bear
The Labor Department released the August jobs report last Friday. The median estimate of economists surveyed by Bloomberg was for a gain of 130,000 jobs. The actual number of new jobs created was just 96,000. This means several things. First … Continue reading
The Clever Fellows of Jackson Hole
The cony-catchers assembling in Jackson Hole, Wyoming, believe the darnedest things. They think they can decide the price of the economy’s most important component – its money – better than the market can. Moreover, by low-balling the price of money … Continue reading
