American economy

U.S. Faces Second Lost Decade "Because" of Misguided Stimulus

mish — Fri, 23 Oct 2009 14:32:12 -0400

Japan has gone through two lost decades, in and out of deflation, with nothing to show for it but increasing debt to GDP and a stock market still 70% below its peak. read more »

Is the Stock Market a Leading Indicator?

mish — Mon, 12 Oct 2009 11:46:17 -0400

Inquiring minds are pondering the question "Is the Stock Market a Leading Indicator?" Please consider the following two charts. read more »

Can a Central Bank Go Broke?

Mises — Thu, 03 Sep 2009 09:34:00 -0400

Central banks that are only able to inflate the money supply in their own domestic currency face significant challenges when faced with banking systems heavily indebted in foreign-denominated liabilit read more »