Business Cycles

Job growth in the United States is weaker than one might believe based on the "we've created millions of jobs" mantra.

The world's largest container ship just entered a US port. Just in time for record low levels in the Baltic Dry Shipping Index, which is a measure of how much ships can charge.

This little known chart is the Fed's attempt to anticipate a recession in the US economy. The reading from last November is only 3.84%, but that is higher than all but 3 months when a recession did not immediately proceed.

I have lived in Auburn, Alabama, for more than three decades and have never seen a Super Sized Construction Crane. Last week, two were erected in the middle of town.

Rothbard's book is considered the standard on the subject of the 1819 crisis, yet the NY Fed authors seem reluctant to speak his name.

Even the Fed, which has for years been describing the economy as "expanding at a moderate pace," and which a few months back was saying it was "hawkish," has, through Janet Yellen's testimony today, been forced to admit that a rate cut may again be on the horizon.

Peyton Manning Just Save the Super Bowl Indicator?

Apparently Quicken Loans is thinking like John Maynard Keynes and Paul Krugman. They can create their own bubble and multiplier effect. It's magic!

Barron's is writing about skyscrapers and the Skyscraper Curse. They also quote me on the subject.

The signatures have been collected and submitted paving the way for a vote to establish 100% reserve banking in Switzerland.