“Dividends and Growth—the Two Go Hand in Hand in this Business Cycle”

– January 27, 2011

“The power of a few large-cap companies to sway stock market sentiment is great. As recent corporate events illustrate, not only does good earnings news move the market, but, increasingly, dividend news is moving share prices. This is big and it’s a si …

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Horwitz versus Eggertsson on the Great Depression

– January 25, 2011

Over at Coordination Problem, Steve Horwitz discusses his exchange with Gauti Eggertsson in regards to Eggertsson’s claim that Roosevelt’s policies led the U.S. out of the Great Depression. Horwitz disagrees with this view of history. It is an interest …

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Business-Cycle Conditions 01/11/2010

– January 19, 2011

January 2010: Percent of Leaders Expanding Increases to 90; Cyclical Score of Leaders Increases to 62       Despite improvements in the labor market and a rise in industrial production, record breaking debt continues to hold ba …

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Business-Cycle Conditions 02/01/2010

– January 19, 2011

February 2010: Percent of Leaders Expanding Increases to 91; Cyclical Score of Leaders Increases to 63       The economy is showing signs of life, but a jumble of government proposals could thwart the recovery.The economy …

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Business-Cycle Conditions 12/06/2010

– January 19, 2011

December 2010: Percent of Leaders Expanding Drops to 91; Cyclical Score of Leaders Remains at 91       AIER’s statistical indicators of business-cycle conditions show that the recovery is likely to continue. The growth rat …

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Why Chairman Bernanke Is Wrong (Part One) – Daily Reckoning

– January 17, 2011

“Fed Chairman Bernanke believes in the Monetary Theory of the Great Depression, which holds that the Federal Reserve could have prevented the Great Depression by stopping the US money supply from contracting during the early 1930s. This is important be …

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“The Great Debt Bubble of 2011” – Johan Norberg

– January 14, 2011

“‘The worst of the storm has passed,’ declared Barack Obama at the start of last year, seeking to calm the fearful. For his part, Gordon Brown assured Britain that talk of tough years ahead was ‘simply not true’. Both men spoke of their resolve to cure …

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“The Great Inflation and Monetarism” – Lawrence H. White

– January 10, 2011

“During the Second World War, American monetary policy was dedicated to providing cheap credit to the federal government. This policy resulted upward pressure on prices and was suppressed by wage and price controls enforced by the Office of Price Admin …

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“The Debt Inflation Cycle and the Global Financial Crisis”

– January 5, 2011

“Writing over 230 years ago, Adam Smith noted the ‘juggling trick’ whereby governments hide the extent of their public debt through ‘pretend payments.’ As the fiscal crises around the world illustrate, this juggling trick has run its course. This paper …

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“Central Bank Targets Inflation” – China

– December 28, 2010

“The over-fast growth of the domestic real estate market has been the result of the country’s unusual monetary policy since the start of the global financial crisis. The latest rate hike indicates the central bank’s resolve to restore the emergency mon …

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“China’s Coming Inflation Nightmare”

– December 21, 2010

“It is our suspicion that China likes declining commodities. Soaring prices over the past several months have made it much more expensive for China to squelch its never-ending thirst for raw materials. What better way to get lower prices and fighting i …

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“Inflation, Here is Thy Sting”

– December 20, 2010

“The sting of inflation is showing up in the emerging market economies, where rising food prices are stinging the consumer. (Oh sorry I forgot, food inflation isn’t inflation!) China has a de facto USD peg and that policy means that, in the absence of …

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