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Inflation Remains a |
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| Many Americans assume that inflation is rising. They fear that the recent increase in commodity prices will lead to higher finished goods producer prices and then higher consumer prices. This fear is intensified because people tend to notice when prices go up for products they buy most often.
As economist A. Gary Shilling points out in a recent commentary, such “widespread fears of inflation are understandable. Historically, inflation is a wartime phenomenon when government spending is huge, while deflation reigns in peacetime. Still, the nation suffered a uniquely long 60 years of war, which started with rearmament in the late 1930s, was followed by World War II, which promptly gave way to the Cold War that was augmented by the War on Poverty. So, most Americans have never experienced anything but inflation, which they believe is the way God made the world.” |
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Geothermal Energy Is |
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| Speculation, economic growth, and global tensions recently drove oil prices to around $50 per barrel. In a world in which energy consumption is constantly rising, the potential to tap geothermal energy is stunning. |
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Business Dress Becom |
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| During the Clinton administration, the White House was a business-casual environment, where people wore rolled-up shirtsleeves and jeans to pizza-fueled all-nighter work sessions. When George Bush entered the Oval Office, he made it clear that anybody who was summoned there had better be wearing a suit. |
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Moving South |
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| America is on the verge of a great migration that is affecting where people will live and how companies will profit. As futurist Dr. Jim Taylor points out in American Demographics, the U.S. has been the site of two previous major migrations. |
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The "Efficient Marke |
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| The 밻fficient market hypothesis,?which Wall Street embraced for decades, holds that in a market where everyone has equal access to the same information, rational investors will set stock prices ?and the prices will reflect the generally understood information about the value of those stocks. No one has an unfair advantage ?and no one is supposed to be able to beat the market over the long term. This is the foundation upon which the $1 trillion index-fund industry rests. |
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