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 [...]
Category: Economics
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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