A complaint lodged with the PBS Ombudsman was passed along after Friday’s broadcast and seemed worth answering in a public forum. “I do not understand why Paul Solman did not challenge Roberto Rigobon when he said rising prices were due … Continue reading
Call me a contrarian — or just your garden-variety journalist/skeptic — but when I read the much-ballyhooed Standard & Poor’s announcement yesterday, I shook my shiny head. “Because the U.S. has, relative to its AAA peers, what we consider to … Continue reading
As gas prices creep above $4 per gallon in parts of the U.S., a new poll shows two-thirds of Americans say they will cut down on expenses to cope with rising fuel costs. Ray Suarez discusses the effects of higher petroleum prices with David Kirsch of PFC Energy. Continue reading
This week, the art market continued to show strong signs of recovery as leading auction houses Sotheby’s and Christie’s held their Impressionist and Modern art sales, setting records and at least tripling the total brought in by the same auctions last May.
As early as mid-2007, there was speculation that the bubble had begun to deflate, and by late 2008 it had burst outright, laying the groundwork for a rough 2009. Sales at Sotheby’s and Christie’s each declined around 50% from the year before, and collectors’ interest in contemporary art (including works by up-and-coming artists) waned.
Question: It seems to me like the Fed and the Treasury are trying very hard to keep asset prices high. The Fed has vastly increased the money supply, partly by lowering interest rates to zero, and partially through quantitative easing. … Continue reading