Category Archives: Economics

Panic and uncertainty – uncertainty and panic. The twin towers of turbulence that are causing all sorts of commotion in our financial markets. Sure there are real problems. But these two mischief makers are making things a lot worse than … Continue reading →

12,463 13,264 Recognize those numbers? I know that some of you do. And those do should be fatally disappointed with them. Why? Because they represent the opening and closing Dow Jones Industrial Average numbers for 2007. 2007 opened at 12,463 … Continue reading →

This is the performance of your retirement account while you have been investing in the stock market over the last six months. Look familiar?    Take a closer look at the chart – over the last six months the market has … Continue reading →

I have been staring is disbelief at an AP story this morning. Now I know that the AP is not up to the journalistic standards of accuracy as, say, the New York Times or the Washington Post. But the fact … Continue reading →

Now, What Are You Going to Do About It? It looks like the rest of the country is finally waking up to the fact that yes, we really ARE in a recession in the US. A recession that is being … Continue reading →

Two short months ago I wrote about the unbelievable action that the Federal Reserve took to prop up our sagging stock market by injecting billions of dollars into the economy, and that it didn’t take a freshman econ whiz kid … Continue reading →

Excerpted from the Detroit News this morning. . . .   Michigan‘s unemployment rate in August was the worst since since September 1993.   Massive automotive buyouts and a sharp decline in residential construction were cited as factors for the state’s jobless rate.  … Continue reading →

Lest you think that this is a diatribe related to politics, relax. Long, long ago I gave up letting the micro-brains in government (both elected and unelected) impact by disposition. No, this is a post about economics. And basic economics … Continue reading →

WOW. Again. I had written up a long follow-up post on this Federal Reserve intervention that I had planned to post yesterday, but I got hung up in meetings and couldn’t get to it. I wrote long (and eloquently, I … Continue reading →

Wow. I never thought that I’d see it happen. The Federal Reserve, that mysterious, secretive, “quasi-governmental” entity that has made a regular habit of thumbing it’s nose at the general pubic and the day to day performance of the market, … Continue reading →