Economic information these days, influenced by election-year passions, spawned economic claims that do not represent actual underlying economic trends. This post looks at the compelling nature of authentic data that does not have any meaningful forecasting value. Biomass Rules is … Continue reading →
Most economic demand today manifests itself in report charts and news as a change over time. But traditional economic supply and demand curves do not have time in them (price x quantity). Demand drives any economy, but it doesn’t look … Continue reading →
Local markets are defined in more than one way which distracts from agreement on the value of local markets. In calculus, local maxima, are defined as a relative measure rather than an absolute boundary. No explicit boundary is defined. Local … Continue reading →
