After an almost normal 31 percent surge in stock market values during the first year of this bull market (begun in October 2002), typical additional double digit gains in stock prices seemed assured for the second year. Profit grow remained strong, interest rates rose, but remained low by historical standards, and world economic activity was booming.
Archive for August, 2004
Atlanta Constitution column-August 26, 2004
Posted by drdonecon on August 26, 2004
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Atlanta Constitution column-August 19, 2004
Posted by drdonecon on August 19, 2004
Even before the President was asked about a National Sales Tax, articles began appearing which indicated that the tax would be so onerous that no one would consider it. After the President appeared to show some inclination to consider the tax, the Kerry website began arguing how such a tax would hurt the poor.
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Atlanta Constitution column-August 12, 2004
Posted by drdonecon on August 12, 2004
One of the reasons why economists like market solutions is because alternative solutions usually provide wrong information. Ultimately, that incorrect knowledge leads to errors that undermine the best results for an economy.
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Atlanta Constitution column-August 4, 2004
Posted by drdonecon on August 4, 2004
What is happening to oil prices, and will these high prices hurt the economy?
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