Tag Archives: bubble
When the Whole Paper Edifice Collapses
There was massive carnage on Wall Street yesterday – again. No doubt, it makes for some exciting headlines. But here at the Economic Prism we won’t take your time to ponder the stock market’s precipitous decline. For, today, we’re more … Continue reading
The Path of Least Resistance
The stock market hopped like a frog last week…jumping higher than in any week in over two years. When the week was over, the DOW had climbed 5.4 percent, the S&P500 had climbed 5.6 percent, and the NASDAQ had climbed … Continue reading
On Savages and Perpetual Infancy
Last Tuesday Federal Reserve Chairman Ben Bernanke said the economic recovery was “frustratingly slow.” By Wednesday the yield on the 10-Year Treasury Note had dropped below 3 percent. At the same time, stocks, oil, and gold were shellacked in unison. … Continue reading
When the U.S. Treasury Bond Bubble Finally Explodes
The U.S. government borrows more than $40,000 per second. You’d think running up the credit cards at such a rate would be great fun. Yet, as far as we’ve made out, there’s nothing much fun about it. Who knows? Perhaps … Continue reading
