The U.S. Economy Keeps on Booming
The brief slow-down in fourth-quarter GDP growth, resulting largely from the lagging effects of the third-quarter hurricanes, is now behind
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Economic Outlook
Irrational Pessimism Is Finally Lifting
For the past few years, an unrealistic cloud of economic pessimism has pervaded the United States. But now, as the
Read moreThe Home Remodeling Boom
While the “real estate boom” has gotten most of the headlines, the trend toward upgrading and remodeling one’s home without
Read moreOil Speculators Finally Face Their Day of Reckoning
For over a year now, speculators have brilliantly managed the price of oil to ever-higher levels. However, even the most
Read moreGlobal Cash Surplus Fuels U.S. Housing Bubble
In the past year, the red-hot housing market has not cooled off, as classical economic theory would anticipate. One big
Read moreChina Is Going on a Buying Spree
Chinese companies are seeking to invest some of their vast hoard of U.S. dollars by buying productive assets. However, this
Read moreThe World Is Swimming in Cash
The dramatic flow of cash to China, combined with the high savings rates in other developing countries and the historically
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