Economic Leadership

President Obama’s State of the Union address was primarily economic. The euro zone is dealing with an economic crisis. Developing nations are concerned with economic growth. So, are economists i…

October Stock Markets

During October 1907, when the stock market crashed and the banking system panicked, we had no central monetary authority. We just had J.P. Morgan. “Why don’t you tell them what to do, Mr. …

Stock Market Crashes

How to define a stock market crash? One economic paper has 2 suggestions: “When you see it you know it.” Look at depth and duration: A 20% drop is a crash while length can vary. Several po…

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