The Dow was down another 679 points today. Twelve more days like that and it hits zero. The point being that there aren’t going to be 12 more days like that, at least not in a row. At this point I’m getting really sick of trying offer explanations for why the market did what it [...]
And a lot of other things, too—like a healthcare research facility at the University of Louisville, science labs at Western Kentucky University, and water and sewer lines in rural communities—because it was able to sell $400 million worth of municipal bonds on Tuesday. This is great news, considering that the muni market had pretty much [...]
A couple days ago I wrote a post ribbing Nobel laureate Robert Lucas for his statement at the 2003 annual meeting of the American Economic Association that: Macroeconomics was born as a distinct field in the 1940s, as a part of the intellectual response to the Great Depression. The term then referred to the body [...]
