Credit Managers’ Index (CMI) Dipping
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.
Booms and Busts
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Why We Need Deflation and Higher Interest Rates
Once a recession sets in, markets can only repair themselves if prices — including wages — are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring new economic activity.
“In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building”
"In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building"
So The Economist apparently does not think too "highly" of my skyscraper theory
Brazil: Victim of Vulgar Keynesianism
Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in.
Europeans Overcoming Their Apoplithorismosphobia
Europeans have long been fearful of the prospects of price deflation, but now that it has arrived they have embraced it.
Fed Tries to Figure Out How to Raise Interest Rates by a 1/4 of 1%
The Fed has been messing with interest rates for a century and suddenly they have forgotten how to raise interest rates?
Recent Economic Data Shows the Good Side of Deflation
Data from Japan, Spain, Greece, and the Netherlands all suggest that deflation is not the disaster many economists suggest it is. In fact, there's good reason to believe that economies really start to take off when prices fall the most.
A Necessary Correction in the Oil Industry
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
