With the current recovery stretching to 113 months, it’s easy to forget that the economy is, and always has been, cyclical. Cycles can be manipulated to some degree, but they…
At a Loss over Profits
Apparently, there are two Americas. In one, corporate profits are soaring, the economy is booming and jobs are available for the asking. In the other, corporate profits are dismal, America…
The Flim-Flam Economy
The absurdity of today’s flim-flam economy can be summarized when the events of the past week are considered together: The U.S. economy grew at an annualized rate of just 0.5%…
The End of the Road
The problem with kicking the can down the road is that sooner or later, the road ends. Evidence of this can be found in recent stock market performance. Quantitative easing…