Politics & Policy

What Housing Bust?

Jan Hatzius, chief U.S. economist for Goldman Sachs, puts the odds of a consumer-led recession at one in three. His reasoning for this bearish assessment goes as follows: The current ...
Politics & Policy

“Obscene” Profit Hypocrisy

This past April, amidst congressional hysteria over handsome oil-company profits, Sen. Carl Levin (D., Mich.) said, “We need a windfall profits tax, because these profits have been absolutely obscene.” Levin ...
Politics & Policy

From Copper to Capital

According to a recent Wall Street Journal article, “police departments across the country have reported a surge in the number of copper-related thefts at homes, businesses and elsewhere.” With the ...
Politics & Policy

The Fed’s “Economy Rule”

A recent Yahoo Finance poll asked readers what presently poses a greater danger to the economy, inflation or recession. Though high inflation has traditionally helped bring on recessions, the Bernanke ...