Start-up stories

During 1939, in a garage, Bill Hewlett and Dave Packard started a new firm. Also in a garage, several decades later Steve Wozniak and Steve Jobs started Apple. Yes, Walt Disney worked in his uncleR…

Unexpected Economic Indicators

Instead of the G.D.P., CPI, and assorted leading and lagging indicators, economists also look at an entirely different set of data. Sometimes hemlines, movie star preferences, and everyday purchases p…

Is It Over?

Imagine a “u” attached to a slightly (or considerably) higher upside down “u” and you are looking at 2 business cycles. A business cycle includes a peak, a contraction, a troug…

Random Recession Notes

The impact of a recession might not be entirely what we expect. A recent study from the University of Ottawa suggests that we sleep more during a recession. Canadians slept two hours and 34 minutes mo…

Frugal Fatigue?

Some of us are suffering from frugal fatigue. According to a New York psychologist, symptoms could include anxiety, fear, depression, and even the common cold. The cause is stress from watchful, reces…

Big and Little Worries

1.  Sovereign debt: Contemplating big worries, I could place sovereign debt at the top of the the list. Should we currently be concerned about Greece, Spain and other EU nations with excessive ob…

Not Always Dismal

From assorted sources, I share the following: 1. Poetry on the housing crisis from Karl Case (the Case in Case-Shiller Home Price Index) An excerpt: Fannie and Fred were always ahead, Then Countrywide…

Hayek vs. Keynes

Good enough to watch, this youtube performance between Hayak and Keynes is similar to a recent Planet Money “boxing match” between the classical perspective and Keynes which I also recomme…

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