Since the beginning of the “Great Recession” that Americans still find themselves in, there have been prognostications of incredible inflation while other “experts” claim that crippling deflation would be the necessary outcome. Could they both be right? Perhaps – there are two major forces at play in our economy right now: price inflation and income […]
Tag: "Paul Volcker"
I was young, but I remember the news stories and the dire warnings from family friends, parents and uncles: Japan owns us .. and they may not always want to. Yeah, that was a long time ago and a major player has changed, but the warning is still relevant. Before the Japanese asset price bubble […]
You’d think Paul Volcker was in the driver’s seat again. While he’s no longer running the Fed, perhaps his leadership as the President’s chief economic advisor is giving him more of a voice than any of us want. In his turn at the Fed, it was Volcker that pushed for the massive and crippling inflation […]
Within a few days of Obama entering the White House, Tim Geithner stated that a strong dollar is in the best interest of our economy. The actions taken to date and some historical analysis of Obama’s chief economic advisor, Paul Volcker, would point at a policy of continued weakening of the U.S. currency. If the […]
Interpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month. Yahoo news points at a separate survey that shows 558,000 more people were unemployed in […]