The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Current Currency Thoughts

03/16/2010

In my last column for Inside Business, I commented that the fear of the dollar losing its status as the world’s reserve currency was over-blown. This worried a number of readers. If this loss does occur, it will not happen for many years. In the meantime, we need to remember that responsibility comes along with … Continue reading Current Currency Thoughts

Return to the Future . . . I hope not!

03/01/2010

Today, the Commerce Department reported that consumer spending in January increased for the fourth straight month and increased by more than expected. They also announced that the December increase was greater than earlier reported. Unfortunately, spending increased five times as fast as personal income increased, which only increased about one-fourth of what was expected. Hopefully, … Continue reading Return to the Future . . . I hope not!

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