Tag Archives: collapse
Buyer’s Remorse
The stock market was clobbered on Tuesday. The DOW sold off 272 points. What did it mean? Was it an indicator the market is finally rolling over, as we’ve anticipated for some time? Or was it just another head fake … Continue reading
The End of Extend and Pretend
About 60-years ago twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. His main premise was that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic stability and prosperity. Moreover, it’s these … Continue reading
Musical Chairs Investing
Markets were closed yesterday in observance of Labor Day. But here at the Economic Prism we labored on. There’s always something to contemplate. Where to begin? One place, obviously, is this crazy stock market. Day after day, week after week, … Continue reading
Whirlwind Economics
Things may be looking up for the unemployed working stiff. After years of competing for scarce jobs with stagnant wages something extraordinary may be happening. If you can believe it, opportunity has finally come for the unemployed. According to the … Continue reading
