Business Cycles

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Mark Thornton

How the Communist Party of China Bubbles and Tries to Keep Them Afloat

Mark Thornton

Janet Yellen See Stock Prices Are High, but She Sees no Bubbles

Ryan H. Murphy

This brief note points out that Milton Friedman’s “Plucking Model” has not held following the Great Recession.

The popularity of the Austrian Business Cycle Theory (hereafter ABCT) continues to grow in both the popular press and the mainstream of the economics profession.

Mark Thornton

The Economist declares there is no such thing as a Skyscraper Curse and they have the mainstream empirical evidence to support that declaration.

Mark Thornton

Not only are stock markets near all time highs, the amount of margin debt is also at all time highs. Margin debt is money borrowed to leverage the purchasing power of portfolios.

Mark Thornton

Why is it that only former Fed officials are willing to say the truth about the economy and monetary policy. I know they don't know the whole truth and they are blinded by power, but why do they always wait till they are "former" to tell the truth.

Mark Thornton

March’s economic report from the National Association of Credit Management dropped to the lowest it’s been this year. The combined index fell from 53.2 in February to 51.2 this month.

Carmen Elena Dorobăț

There’s more to the global adventures of the greenback than meets The Economist’s eye.