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Economics

A collection of 182 issues

Saturday

Econ Saturday So what happened yesterday? Stocks got hammered. Oil dropped 4%. Metals held their ground, but that's no big deal. They often do well when the other investments tank. Well, the April unemployment numbers were dismal. The unemployment rate fell to 8.1%, but it was because

Monday

Student Loans The student debt problem is getting more and more press . . . and more attention in Congress [http://online.wsj.com/article/SB10001424052702303978104577364120264435092.html?mod=WSJ_GoogleNews&mod=igoogle_wsj_gadgv1] . The whole debate infuriates me. The federal government created this mess by throwing a ton of money at

Wednesday

The Ben Bites Back Bernanke has been slashing back at Ron Paul and proponents of a gold standard. He says a gold standard handicaps the government's ability to address economic conditions. Link [http://www.reuters.com/article/2012/03/20/us-usa-fed-gold-idUSBRE82J17A20120320] . The left-wing

Monday

Antifragility Nassim Taleb [http://www.fooledbyrandomness.com/] is coming out with a new book. It sounds great. Unfortunately, it won't be available for another eight months. I listened to a podcast about it [http://www.econtalk.org/archives/2012/01/taleb_on_antifr.html]. Twice . . . but mostly due

Wednesday

Soros the Austrian? George Soros grabbed headlines yesterday with an interview in Newsweek [http://www.thedailybeast.com/newsweek/2012/01/22/george-soros-on-the-coming-u-s-class-war.print.html] . The rabid leftist octogenarian investment icon and social activist ain't too optimistic. He's expecting

Wednesday

Happy All Souls Day. It's probably my favorite non-obligatory feast day of the year. Occupy a Job Already The Occupy Wall Street people need to go home. I sympathized with them at first: I hate Wall Street, too. But it's obvious that it's

Tuesday

This seems consistent with massive money printing: The extra money flows to the favored segments (Wall Street and its connections) but not to main street. Meanwhile, the extra money results in climbing prices. All the while, the government says it's a result of the Japanese earthquake, drought, and

Monday

The Land of Arnold I previously used my weekends for philosophy and theology. Now I use them to catch up on the previous week's contemporary reading, on those essays that I should have read when they first appeared but simply couldn't get to because of the

Wednesday

Received in an Email From one of my investment newsletters: a good, concise explanation of the European problems (besides a dearth of soap and shampoo): > There are three dynamics and a tension: > ”¢ Dynamic I The inevitable default by Greece on its sovereign debt raises the likelihood that one

Tuesday

St. Francis The first part of October is crammed with good feast days. St. Therese on October 1st, St. Francis today, St. Bruno in a few days. In honor of St. Francis Feast Day, I grabbed Joseph Pearce's Wisdom and Innocence, A Life of GK Chesterton off the