In recent days, Ben Bernanke has gotten surprisingly political. In a Senate Budget Committee hearing, Bernanke stated that lawmakers must act fast and renew the Bush tax cuts. He argues that all the uncertainty will hold back markets and will keep businesses from making long term decisions, causing economic growth to stall. As he has … Continue reading
A lot has happened on the European front in recent weeks, so I figured now would be a good time to stop and take a look back. In Greece, we saw what could be described as somewhere between a stalemate and slow march towards solvency. The Greek populace and government have fought very hard against austerity … Continue reading
Once again, some good news and some bad news. The good news is that confidence in the economy among business leaders has risen. In a recent survey by the National Association for Business Economics (NABE), business leaders were asked many questions regarding the economy. These included questions about GDP, unemployment, and more. The results were very … Continue reading
New data from China suggests that inflation there has slowed down once again, to 4.1%. This continues the trend of the last 5 months, and gives the central bank there greater freedom in easing economic policy. Now that it knows that inflation is lower, it can increase the money supply without worrying as much about … Continue reading
