Tag Archives: Depression

12 Questions About the Economy

questiondollar1

The following are my answers to a number of questions posed in a “Market Views” forum a few weeks ago. While we have had fresh data recently, the answers to the questions have not changed. 1. The Duke-CFO Survey was … Continue reading


This Winter of Our Hardship

Image courtesy of flickr/Wayne MacPhail

The ‘Winter of Our Hardship’ are the words of President Obama in the inaugural address. He refers to the common dangers that we face in his somber message. The common danger is that this recession turns into a depression. In … Continue reading


Unemployment and Recessions

“The worst job numbers since 1945”, we heard from CNN this morning. Well, that is not true. Today is different from 1945 for two reasons. First, our population is much larger. Second, there was an important technical factor — WWII … Continue reading