Tag Archives: collapse
Ending the Business Cycle with Guesswork
In the fall of 2010, the U.S. economy had been in recovery for about 18 months. At least that was the official word from the National Bureau of Economic Research, which dated the recession from December 2007 to June 2009. … Continue reading
History Is Coming
Mother Teresa once said, “If you can’t feed a hundred people, then just feed one.” The way things are going, soon many people won’t only not be able to feed one person…they won’t be able to feed themselves. According to … Continue reading
The Origins of Central Banking
Ben Bernanke must think he’s an amateur entertainer. Tomorrow, after 98 years of silence, the Fed Chairman will give the central bank’s first-ever press conference. Here at the Economic Prism we’ll be watching with wide eyes and anticipation…hoping for the … Continue reading
Washington’s Budget Cut Farce
Market analyst David Rosenberg of Gluskin-Sheff sees another recession storm appearing on the horizon. The dark clouds forming are rising food and energy costs. He doesn’t believe consumers will be able to weather their fury. Using a little historical analysis … Continue reading
