Fret as we all might, the U.S. economy just keeps on growing.
Monthly Archives: October 2007
Does Dollar Weakness ‘Cause’ High Oil Prices?
There’s an idea floating around that asserts that the high price of oil is — at least in part — due to the weak dollar. Does this make sense?
The Salem witch trial of Elizabeth Jackson Howe
For Halloween I could perhaps write something about what’s spooking the Fed as they contemplate tomorrow’s fed funds rate decision. But I decided instead to write about the Salem witch trials.
Econoblogger at work
Cute pic from the Curious Capitalist.
$90 a barrel: Is it time to start worrying about the oil price shock of 2007?
Oil shocks in 1973, 1979, and 1990 were each followed by a recession. But we saw the price of oil climb from $20 a barrel in 2002 to $75 a year ago, and so far it has not resulted in a significant economic downturn. What’s different now, and can we count on it to continue?
Have Net Exports Ever Prevented the U.S. from Going into Recession?
First, a look at what the blogosphere is thinking about recession.
Why is oil above $90?
The answer is pretty simple, really– demand keeps going up but supply doesn’t.
Still fighting the rear guard action against reality
From the New York Times (reg.req.):
White House Cuts to Climate Testimony Raise Questions
An example of one of the changes made to Julie L. Gerberding’s testimony. Source: NYT.
San Diego fires
Thanks to our many friends around the world who’ve asked if we’re ok. We are indeed, and, if you’re curious, here’s our story.
Distressing Picture of the Day
From the IMF’s September Global Financial Stability Report: