Tag Archives: Recession

Understanding the Monetary System

This post is to introduce a tutorial which is posted up top as Monetary_System. It describes the workings of the our modern fiat monetary system, which differs significantly from the gold standard upon which classical economics theory was based. Many economics … Continue reading

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Euro Debt Update: Backdoor ECB Bailout Buys Some Time

A month ago we posted on the dynamics of the sovereign debt crisis in Europe. The BBC has published   a handy flowchart with graphs that explains the origins of the problem. It all goes back to the decision of countries (originally … Continue reading

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Why Is This Recession Dragging On ?

A “recession” is usually defined as at least two quarters in a row of shrinking economic activity, as measured by gross domestic product (GDP).  A recession is eventually followed by a recovery. Normally, stock prices decline before a recession begins, … Continue reading

Posted in Economics, Uncategorized | Tagged , | 4 Comments