Tag Archives: consumer price index
There’s A Great Storm Coming
Investors were in good spirits after the long Memorial Day weekend. Rested and refreshed, they showed up Tuesday and bought stocks. The DOW jumped 125 points for the day. By Wednesday, however, they remembered there’s an imminent crisis emanating out … Continue reading
Mass Delusions of Cupcakes and Credit
According to the Commerce Department, the U.S. economy grew at an annual rate of 2.2 percent during the first quarter of the year. Like the economy, something doesn’t feel quite right about this number. But what is it, really, that … 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
Titanic Myths and the End of Consumer Capitalism
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
