Tag Archives: business cycle
Faux Capitalism and the Great Middle Class Debt Anchor
Economies, like ocean tides, rise and fall. So, too, they fall and rise. Sometimes a rising tide floats up all boats…even those captained by freeloaders. Other times a falling tide pulls down vessels crewed by even the most industrious deckhands. … Continue reading
The Greatest Show On Earth
Things are getting interesting. Last week, for instance, markets offered up both a rich comedy and tragedy above any story a Hollywood screenwriter could imagine. The comedy, of course, was the Facebook IPO flop. The tragedy, fittingly, was courtesy of … Continue reading
Paul Krugman Doesn’t Know T-Shirt Economics
The DOW eked out a slight gain yesterday. Nonetheless, stocks are falling. So are oil prices. Gold too. This, no doubt, brings good cheer to the Fed. For it gives them cover to print more money. Falling oil prices mask … Continue reading
The Consequences of Lard
The Labor Department reported last Friday that consumer prices increased 0.3 percent in March. More importantly, however, when adjusting for the increase in prices, worker earnings fell 0.4 percent during the month. What this means is that wage earners are … Continue reading
