business cycle

Yesterday, John Carney at CNBC had a nice little post comparing Hyman Minsky's Financial Instability Hypothesis with some of the thinking by Friedrich von Hayek behind Austrian Business Cycle Theory. John rightly points to this passage as…

My view as developed in that post is that debt is central to understanding economic systems, and not just because it has a redistributive element in apportioning losses between creditors and debtors when recession forces credit writedowns.…

This is an argument in favor of not avoiding recession but of avoiding depression.

John Hussman's latest weekly newsletter talks a lot about the anger that Americans feel at being told the recession ended in June 2009 when the economy is still losing jobs. He makes some very good points. See this Economix piece which…

by Comstock Partners For some strange reason a number of economists and strategists seen on TV and quoted in the press maintain that the exceedingly weak recovery we are now undergoing is really a "normal" or "average"…

The main street reaction to the NBER's determination of a recovery starting in June 2009 has been – as expected – angry. Here are a few sample comments to my post on the recession's end: Obviously we need to redefine…

by the Consumer Metrics Institute We founded the Consumer Metrics Institute precisely because we felt that the economic bureaucrats in Washington were out of touch with the economy that most of us live in. They remind us of those patients…

The NBER Business Cycle Dating Committee has determined that the recession which began in December 2007 ended in June 2009. In the report announcing this decision, the NBER wrote that economic activity is typically lower post-recession than…

In this piece on GDP and recessions, John Lounsbury expands on an earlier article about how this particular recession is different. Catch more of John and other top-notch econ writers at Global Economic Intersection, John's new website on…

Below is a very good and nearly unfiltered 30-minute session with David Rosenberg of Gluskin Sheff. He speaks with the Wall Street Journal's Kelly Evans in the weekly "Big Interview" feature, a format I really like.  I have…