Tag Archives: oil prices
In Praise of Scrooge
Federal Reserve Chairman Ben Bernanke did something extraordinarily remarkable on Tuesday…he did nothing. Following the Federal Open Market Committee meeting, if you can believe it, Bernanke’s Fed statement made no monetary policy changes. Certainly, this is an exceptional feat. Remember, … Continue reading
Congressional Super Committee Farce
Shortly after the opening bell on Wednesday, the price of oil topped $100 per barrel…a 26 percent increase in less than two months. What gives? The Associated Press tells us it was the Labor Department’s Wednesday report, that consumer prices … Continue reading
The Decline of Per Capita Wealth
Yesterday was a momentous day. According to the State of World Population 2011, published by the United Nations Population Fund, it was the day world population topped 7 billion people. We find this to be momentous not just for the … Continue reading
Cash and Credit Created from Thin Air is Not Real Wealth
Something mysterious is happening. The U.S. economy is deflating at the very moment the Federal Reserve is huffing and puffing more than ever to pump it up. How could this be possible? Like jumbo shrimp or an ashtray with a … Continue reading
