Posts Tagged ‘ U.S. recession ’
What’s going on with gold and oil?
Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per ounce. Oil topped $146 per barrel. Now prices are falling.
Back when oil was ...read more
The Coming Recession
Jul 9th, 2008 | By Lord William Rees-Mogg | Category: Macro Economics
The downturn in the global economy is now 11 months old, if one takes the subprime crisis of August 2007 as the starting point. It has spread like the forest fires in California, establishing itself in one area after another, putting out tongues of fire that extend the area of ...read more
The Dangers of Inflation
Mar 21st, 2008 | By Adrian Ash | Category: Commodities, Macro Economics
“Every morning, when you look in the mirror, I want you to think, ‘What am I going to do today to increase the money supply?’”
— John Ehrlichman, assistant to President Richard Nixon,
apocryphally speaking to Charles Pardee,
a Federal Reserve governor,
sometime in the early 1970s
SO WE’RE ALL AGREED, THEN.
“This is clearly the ...read more
Inflation During Recession
Feb 13th, 2008 | By Adrian Ash | Category: Macro Economics
“The U.S. recession is sure to send inflation to zero — just as it didn’t in four of the last five recessions.”
WORRIED ABOUT INFLATION? Oh, stop your carping and set an extra place at dinner for the fast-looming recession instead.
See, your cost of living can’t possibly keep rising now that ...read more
Germany’s Stable Economy
Jan 30th, 2008 | By Whiskey Contributor | Category: Emerging Markets, Macro Economics
MAYBE YOU HAVE HEARD ABOUT GERMANY as the sick man of Europe. You may also have heard that the German economy is paralyzed by a web of strict labor laws. In contrast, you may have heard less or nothing at all in the news that Germany has been the world’s ...read more
The Battle Between Debt and Recession
Dec 13th, 2007 | By Adrian Ash | Category: Macro Economics
“The Fed and the White House will do whatever it takes. But will that be enough to defeat recession for ever and ever?”
SO THERE IS TO BE NO LETUP OR TRUCE in the war between debt and recession.
The cannon fodder of consumer credit — the battle-weary consumers themselves — must ...read more
