Tag Archives: federal reserve

The Economic Recovery that Never Was

Posted on September 10, 2013 by MN Gordon

“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 →

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Things Are Getting Better and Other Popular Lies

Posted on August 27, 2013 by MN Gordon

The President says things are getting better.  The economy’s improving.  There will be prosperity for all in our time.  But if you live outside the Washington beltway, and earn your living through honest means, you know this is essentially a … Continue reading →

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Beardless Ben and Bad Bet Summers

Posted on August 13, 2013 by MN Gordon

Plenty of ink has been spilled lately brooding over who’ll be the next Fed Chairman when Ben Bernanke’s term concludes on January 31, 2014.  Here at the Economic Prism we really don’t give a rip who the next monetary Caesar … Continue reading →

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Exercises in Futility

Posted on August 6, 2013 by MN Gordon

Something rather inconvenient is going on.  Quite frankly, we don’t like it one bit.  Despite all the assurances of robust economic recovery, the opposite appears to be happening. The economy isn’t climbing up.  It’s slipping back.  In fact, last week … Continue reading →

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