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Phoenix Capital Research ZeroHedge 9/21/2012 By all counts, the latest ISM (a measure of manufacturing in the US) was a complete and total disaster. In August the ISM hit 49. Anything below 50 is considered a recessionary rating. However, things are even worse below the surface. The ISM is made up of several components. Its […] September 22nd, 2012 | Tags: European Central Bank (ECB), food stamps, Inflation, national debt, stagflation | Category: Banking and finance, Economy, Employment, Entitlements, European Union, Federal Reserve, Federal spending | Comments are closed
Brian Domitrovic Forbes 8/14/2011 In their impossibly good book Money, Markets, and Sovereignty (2009), Benn Steil and Manuel Hinds make the point that over the last four thousand years, the only period in which humanity has not consistently based its currency in metal, specifically gold, is the last forty. That’s right. Ever since President Richard […] August 15th, 2011 | Tags: Arthur Burns, gold standard, Inflation, Richard Nixon, stagflation, wage-price controls | Category: Economy, Federal Reserve, History, unemployment | Comments are closed
Jeff Poor The Daily Caller 4/29/2011 The year was 1978. The Bee Gees were the nation’s top pop group. Bell bottoms were en vogue. And the country was mired in an economic malaise, with so-called stagflation as a symptom. And although Justin Bieber and hoodies have replaced the trends of the 1970s, the American economy […] April 29th, 2011 | Tags: 1970s, Ben Bernanke, GDP, Inflation, Larry Kudlow, stagflation | Category: Banking and finance, Economy, Federal Reserve, Federal spending | Comments are closed
When the central bank is rapidly creating more dollars and the cost of your daily existence is rapidly increasing, do you feel better knowing that other Bernankes in other countries are doing the same thing? Tim Cavanaugh Reason Magazine 3/4/2011 Veiled within the news that Ronald Reagan handily topped a recent Gallop poll […] March 4th, 2011 | Tags: Ben Bernanke, commodity inflation, Congressional Budget Office (CBO), Gov. Jerry Brown, Jimmy Carter, national debt, stagflation | Category: Barack Obama, Economy, Federal Reserve, Federal spending, History | Comments are closed
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