Acquisition activity surged in 2010

Thomson-Reuters data shows that merger and acquisition activity rose to $2.4 trillion in 2010.  This marks a 23.1% rise over 2009. Analysis: During the height of the Great Recession (March ’09) I pointed to the rise in merger activity as a sign that important...

The sort of stock market surge I hate

Yesterday was party day across the world’s equity markets.  The Dow Jones Industrial Average (DJIA) was up 0.8%, the Standard & Poor’s 500-stock Index was up 1.1%, the NASDAQ Composite was up 1.5%, the German stock market was up 1.1%, the French stock...

Innovation plans, Chinese style

A recurring theme of the blog has been what qualifies as real economic growth (see for example: 8 October, 2008, 17 January, 2009 and why has the united states had so much innovation?).  I have long argued that real innovation is getting more from the same set of...

Finally, ethical economists

It seems appropriate to close out my second year as a blog writer with a topic near and dear to my heart: ethics in business… Prior to its annual meeting, the American Economic Association, has leaked to the New York Times that it intends to discuss a...

Borrowers slowly reappear

You may recall that I have been critical of the Federal Reserve’s plan to introduce money into the economy through both a lowering of interest rates and “quantitative easing.”  My point was that even with benchmark government interest rates at nearly...