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Inflation Outlook for 2011
Inflation is not sustainable without an accompanying increase in personal income. In this article we will consider the historical relationship between Disposable Personal Income (DPI) and the Consumer Price Index (CPI).
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On April 16, Governor Jan Brewer signed senate bill 1070 into law. It is a contentious issue and has serious economic consequences. While it is
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On February 16, 2010, the Treasury Department released the International Capital report for December 2009. It has created quite a stir as pundits and analysts
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On February 5, 2010, we published a posting that discussed how airlines have increased their flight times to give themselves a better chance of arriving
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Why Losing Hurts
Most people are risk adverse when it comes to money. They seek to minimize loss–even if that means forsaking the opportunity to gain wealth. It
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Differences between Arithmetic, Geometric, and Harmonic Means Although the concept of an average seems simple, we continue to see many people using an incorrect method to calculate averages. We would be surprised if most people were familiar with the three different types of averages mentioned in the title. In fact, many people (including journalists) routinely use the wrong type of average–leading to incorrect results and often poor decisions. In this article, we will explore each of these averages and discuss when to use each. We will avoid mathematical derivations since most people will be using a spreadsheet.