Booms and Busts

Displaying 1 - 10 of 1201

British Manufacturing Slumps as Bank of England Raises Interest Rates

Booms and BustsBusiness Cycles

Blog08/14/2018

"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.

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Big Plans for the Jeddah Tower Continue as Asset Prices Boom

Booms and Busts

Blog08/07/2018

The Jeddah Tower in Saudi Arabia remains listed for “completion” in 2020. Will its completion trigger a new Skyscraper Curse?

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All Is Not Well In Financial Markets

Booms and BustsMoney and Banking

Blog07/24/2018

As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.

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Spending Our Way to a Fiscal Crisis

Booms and BustsTaxes and Spending

Blog07/23/2018

The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.

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These Eight Words Helped Cause the Great Depression

Booms and BustsLabor and WagesBusiness Cycles

Blog07/09/2018

Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”

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In Hiking Interest Rates, Jerome Powell is Living Dangerously

Booms and BustsThe FedFinancial Markets

Blog06/14/2018

The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis. 

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No, the President Isn't "Running the Country"

Booms and BustsTaxes and Spending

Blog06/02/2018

Behind the scenes, the great machine of government churns along, often in complete disregard to the president or his stated policies.

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Housing: High Prices, Few New Units

Booms and BustsMoney and Banks

Blog05/12/2018

We're in a boom period, but housing construction is scant — which is making housing less affordable.

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"More Data" Won't Improve Economists' Lousy Predictions

Booms and BustsBusiness CyclesOther Schools of Thought

Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well. 

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Improving Expectations Won't Improve the Reality of Economic Conditions

Booms and Busts

Blog04/06/2018

Central banks can put in motion a prolonged deviation of expectations from the facts of reality. But they can't keep it up forever. 

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