The Austrian theory of the tradecycle explains why loans are systematically granted to people who will almost certainly not be successful restaurant owners.
The SPX defied the odds and closed higher for the week, even though the first leg of a five-week expiration cycle has an historical tendency for stocks to trade lower.
The best and the brightest economists, politicians and central bankers promised such flexibility would give them the power they needed to increase the general prosperity by mitigating the business cycle, keeping unemployment low, and improving the trade balance.
Here, there's a vicious cycle at work: The more America purchases, the worse its own trade imbalance and--most think--the greater the pressure on the dollar.