Tag Archives: collapse
The Economic Recovery that Never Was
“There are three kinds of lies,” observed Mark Twain. “Lies, damned lies, and statistics.” Perhaps Twain had government economic reports in mind when he made his famous quip. For example, a quick glance at the headline unemployment numbers published Friday … Continue reading
The Joy of Going for Broke
One of the fabulous familiarities of living in a fading society is that not a day goes by where something utterly flabbergasting doesn’t occur. We don’t like it, of course. But who are we to stand in the way of … Continue reading
Salting the Earth with Money
Former Federal Reserve Chairman Alan Greenspan opened his mouth last Friday to caution on the perils of quantitative easing and artificially suppressed interest rates. Greenspan also cogitated upon how to put the worms back into the already opened can. What … Continue reading
Market Forces and Market Intervention
Stocks sprinted higher on Tuesday, releasing the pent up demand that developed over the long weekend. The Dow rose 106 points. According to several headlines we read, Dow stocks were boosted by strong housing and consumer confidence reports. Then, on … Continue reading
