Posts Tagged ‘energy inflation’

There are many ways that oil shocks affect the economy, and none of them is good. As the prices of gasoline, diesel and home heating fuel rise, consumers’ energy bills eat up a growing share of their after-tax income, forcing cutbacks in more discretionary areas of spending. The next thing you know, people are going [...]

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If you listen to Ben Bernanke and Wall Street economists, it was the damage the subprime mortgage crisis inflicted on highly leveraged banks that deep-sixed the global economy. No one has to tell me about how severe the banking crisis was. Why the hell do you think I’m an author now? But blowing up bonuses [...]

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