Novelist F. Scott Fitzgerald, best known for chronicling the rich in The Great Gatsby, supposedly said to Ernest Hemingway, “The rich are different than you and me.”To which Hemingway rep

Economist Brad DeLong, of the Department of Economics at UC Berkeley, is getting increasingly pessimistic. He says the chance of Great Depression now is at 5%:  For 2 1/4 years now I have been

This week’s review comes to you in a shortened format as I don’t have access to my normal research resources while on the road in Europe. Although very little commentary is provided, a fu

No one goes into Walmart (WMT) and asks to pay extra sales tax. Thus sales taxes are reasonable barometers for retail sales. This week we look at how taxes are doing in a period of economic recovery.

When it comes to global manufacturing, Mexico is quickly emerging as the “new” China.According to corporate consultant AlixPartners, Mexico has leapfrogged China to be ranked as the cheap

Editor's Note: This article was provided by Minyan Mark Majka.When you get massive government intervention and major policy change into a severe downturn, you have to start expecting the law of unint

Editor's note: The following is an edition of The Lavery Insight economic newsletter by former Merrill Lynch chief economist Jack Lavery.  For more information, or to sign up for a free trial, c

The present contains all possible futures. But not all futures are good ones. Some can be quite cruel. The one we actually get is dictated by the choices we make. For the last few months I’ve b

Gold broke out to a new high yesterday of $1084, and the yellow metal is glittering again today.More impressively, strategists note, gold prices moved higher on Tuesday even as the S&P 500 ticked

Last Thursday, I received an email concerning debt deflation from David Meier, associate adviser at the MotleyFool.David asked if I had any comments on his article Debt-deflation: Just the beginning?