As the recovery - or lack thereof - continues, it is becoming more clear that there is an important shift in economic power away from Europe and America and toward the emerging Asian economies. There has always been concern that the Chinese sleeping giant would awake and overtake us, but I doubt that anyone anticipated the entire [...]
Category: Economics
Depressing Debt Dogma Distills Deflation Dilemma
As the less-than-adequate federal stimulus funds recede from view, we are left with a sinking realization that this recession is depressingly persistent. Gains on the employment front have reversed. A fifth of the population is either unemployed or under employed, so demand for goods and services is lacking. Without demand, companies aren't hiring. With the private sector in [...]
Inflation and the “Risk Free” Interest Rate
Two years ago, with the price of oil at all time highs, there was concern that we could start seeing run-away inflation again. A few months later, the financial system was on the verge of a total meltdown, credit dried up, and the specter of a deflationary spiral appeared on the scene as oil fell [...]
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