April 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke may have to start talking and acting more like Paul Volcker if he wants to avoid being remembered as another Arthur Burns.
With oil and food prices surging, Volcker told the Economic Club of New York on April 9 that “there are some resemblances between the [...]

When bureaucrats actually start admitting a degree of truth, its time to be concerned. Most realize that the US is already in recession, of course, its difficult to prove when no one can use the warped and manipulated government statistics to gauge the actual state of objective reality. But the recession theory gained [...]

A few posts back I wrote that what we were increasingly likely to get here in the US is stagflation. One of the headlines in a Reuters article today was “Greenspan sees early signs of stagflation.” I am sure this does not come as a surprise to him, given the role he played [...]