The period from the mid 1980s to the middle of 2007 is known as the period of great moderation, when inflation was low and stable, unemployment also was low, utilized […]

The following is a series of thoughts about the threat of deflation knocking at the door of the U.S. economy. The U.S. economic growth is most dependent on the consuming […]

The stress tests for Europe’s banking system have come and gone and now we feel obliged to provide you with our take. We prefer not to trust the fox guarding […]

As a break from our continued attention to the banking sector and the financial stress that persists around the globe we’d like to offer some thoughts on more general economic […]

This coming Friday, July 23, 2010, the EU will make public the results of the stress tests implemented on its banks. Three comments are in order prior to the release: […]

With financial reform just passed by the Senate, we wanted to take the time to express our delights and concerns of the bill while paying special recognition to Mr. Paul […]

It seems like these words have become part of every man, woman, and child’s lexicon in the midst of the Great Recession. With issues of debt and liabilities reaching sovereign […]

For some odd reason there exists a split among even the most well-known economists regarding what the current Greek debt crisis means in the grand scheme of things, both for […]

The job report last Friday was dismal. Payrolls fell for the first time this year, indicating that the private sector feels uncertain about the depth of this recovery. We remember […]

In our posting last week we pointed to the fact that while monetary reserves are rising, money supply is contracting due to the inability of banks to identify credit-worthy customers, […]

The G-20 meeting took place last Saturday. We think it’s an oxymoron that world leaders try to address in one-day conferences serious problems that took years to be created. The […]