The Congregational Budget Office (CBO) is out with its annual report. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outloo…
With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transpa…
Since “to QE3 or not to QE3” is once again the big question on investors minds, I’m going to share my thoughts on this before we get to the charts.
The Federal Reserve Board meets next week, and as has become somethi…
At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R…
Consumer Credit in U.S. Surged in Nov.
By Meera Louis – Jan 9, 2012 3:21 PM ET .
Consumer borrowing (CICRTOT) in the U.S. surged in November by the most in 10 years, showing households are optimistic enough to take on debt and banks are willing to len…
While economists and the mainstream media tried hard to get everyone excited by today’s “better-than-expected” employment report (which included an unusually large and likely-to-be-reversed spike in hiring in the “Couriers & Messengers” category), t…
Michael Shermer.
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
Posted: 1/5/12 12:03 AM ET
With the first week of 2012 upon us it is time to reflect on that favorite pastime of soothsayers and scientists alike: predicting the…
December 21, 2011
Signs Point to Economy’s Rise, but Experts See a False Dawn
By ANNIE LOWREY
WASHINGTON — As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and stro…
The Growth of Degrowth Economics
Degrowth theory, whose supporters push policies to reduce economic activity and end our obsession with GDP, is gaining momentum in Europe and Canada. Will the movement reach U.S. soil?
What if we promoted policies …