Tag Archives: consumer price index

Titanic Myths and the End of Consumer Capitalism

Posted on March 20, 2012 by MN Gordon

Next month marks the 100-year anniversary of the Titanic’s star-crossed demise into the frigid waters of the North Atlantic Ocean.  To commemorate the occasion, the April edition of National Geographic features a cover story on the grand ocean liner and … Continue reading →

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Sowing the Seeds of Mass Inflation

Posted on March 9, 2012 by MN Gordon

Around the time Elvis Presley choked on his last pill the impossible happened; inflation and unemployment increased simultaneously.  Economists were confounded. According to the Philips curve there was supposed to be an inverse relationship between inflation and unemployment.  When the … Continue reading →

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Heating the Stove with Furniture

Posted on January 20, 2012 by MN Gordon

Several important economic data points from last month were revealed this week.  Industrial production and the producer price index were reported on Wednesday.  Then, yesterday, the consumer price index was reported.  Here are the particulars… According to the Federal Reserve, … Continue reading →

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The Money Must Go Somewhere

Posted on January 17, 2012 by MN Gordon

In Friday’s issue of the Economic Prism we suggested that, despite all the financial uncertainty going on, the U.S. economy is strengthening.  By the response we received, this optimism astonished many of our readers.  Naturally, we thought that would be … Continue reading →

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