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Fuzzchart Flip-flops on the Gold Bug Issue

…its predictive ability, then how many months of low consumer price growth do we need before we can question the Wanniski approach to inflation forecasting? Gold-mania is a theoretical flaw…

NRF forecasts retail growth to slow in 2006

The National Retail Federation (NRF), citing tough comparisons, high energy costs and a slowing housing market, is forecasting retail spending to grow 4.7% in 2006, compared to 6.1% in 2005….

The Globalization of Inflation

In this week’s issue The Economist wonders to what degree one country’s rate of inflation is no longer determined by local forces, and instead is determined by global economic forces:…

Glassman on Price-Earnings Ratios

…issue, I consulted the webpage of Aswath Damodaran to find his excel file labeled “Implied Equity Risk Premiums – United States”. The purpose of Damodaran’s analysis of stock market data…

More Supply-side Spin from Kevin Hassett

…Bush took office to make his claim. Hassett continues with this claim about real GDP: The gap is so small because economic growth surprised on the upside, delivering more revenue…

CNN reports weak employment growth (finally)

…and Wall Street economists are saying. The story continues with lots of quotes from independent economists as well as noting that the CEA is now forecasting 175 thousand new jobs…

Does the Club for Growth Understand Growth Theory?

Louis Woodhall writes in The Real Social Security Crisis is Economic Growth: The Trustees of the Social Security Administration assume (in their “Intermediate” case”) that over the next 75 years,…