Saturday, November 17, 2007

WEEK OF NOVEMBER 12, 2007—TOO MUCH IRRATIONAL PESSIMISM

›
Remember irrational exuberance, the creator of asset bubbles? Well, we may now have irrational pessimism, the creator of panic...

WEEK OF October 29, 2007—Third Quarter Growth Robust

›
The U.S. economy is booming, in spite of the credit crunch. The ‘Advance’ estimate of third quarter GDP growth came in at 3.9 ...

WEEK OF October 22, 2007—HOUSING A SYMPTOM, NOT THE CAUSE OF A RECESSION

›
Dr. Edward Leamer, UCLA economist, gave what may be the best analysis of housing’s affect on the business cycle at this year’s...
Friday, October 19, 2007

WEEK OF OCTOBER 15, 2007—WHO ARE NOBEL ECONOMISTS?

›
The 2007 Nobel Prize in the Economic Sciences was just awarded to three U.S. economists, all mathematicians, in what is part of ...

WEEK OF October 8, 2007—(SOME) INFLATION IS GOOD

›
We know that third quarter economic growth will be good to very good, in spite of the credit crunch. Why? Prices are still r...

WEEK OF October 1, 2007—CONSUMERS ARE RECOVERING

›
The key to a recovery from the subprime debacle is the health of consumers. And so consumer spending is the most closely watch...
Saturday, September 15, 2007

WEEK OF September 10, 2007--BERNANKE'S 9/11 SPEECH ATTACKS TRADE DEFICIT, BUT NOT FED BUDGET DEFICIT

›
It is perhaps fitting that Fed Chairman Ben Bernanke on the anniversary of 9/11 should be making a speech in Berlin that att...