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Booms and BustsBusiness Cycles
"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.
Booms and Busts
The Jeddah Tower in Saudi Arabia remains listed for “completion” in 2020. Will its completion trigger a new Skyscraper Curse?
Booms and BustsMoney and Banking
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Booms and BustsTaxes and Spending
The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.
Booms and BustsLabor and WagesBusiness Cycles
Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”
Booms and BustsThe FedFinancial Markets
The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis.
Behind the scenes, the great machine of government churns along, often in complete disregard to the president or his stated policies.
Booms and BustsMoney and Banks
We're in a boom period, but housing construction is scant — which is making housing less affordable.
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.
Central banks can put in motion a prolonged deviation of expectations from the facts of reality. But they can't keep it up forever.