Business Cycles

The Power and Market Report: "Has the Oil Bubble Popped?" and more. 

The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.

Are Rising Subprime Mortgages a Small Sign of Big Things to Come?

Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?

The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.

The Central Bank of Canada Warns of Housing Bubble

Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.

The most recent job report appears, on the surface, encouraging news for the U. S. economy.

Keynesian economics produces a dead end economy.

Or Are They Bad For The Economy?