The policies of demand management through monetary manipulation and government spending produced a period that has been called the Great Moderation by economists. This moniker refers to the alleged moderation of the business cycle. The policy of demand management is based on the idea that there is [...]
Articles are popping up all over about the disappearing oil in the Gulf of Mexico:
Mighty Oil Eating Microbes help clean up the Gulf : Perhaps the most important cause of the oil’s disappearance, some researchers suspect, is that the oil has been devoured by microbes. The lesson from past spills is that the [...]
Some not as bad as expected news on the real estate markets, some pretty damn good earnings, a Bernanke assurance that he remains vigilant at the controls of the printing press and the release of the results of the European bank stress tests were enough to move the US stock market higher by 3.5% last [...]
The economic reports last week continued the trend of reports showing a drop off in growth. Worse actually since several of last week’s reports were just plain bad and indicated outright contraction rather than just a reduction in growth. The market held up fairly well until Friday as good earnings offset bad data, but by [...]
