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Modernomics

by Erik on June 13, 2009

in Definition

Modernomics* [mod-ern-nom-iks] –noun A termed coined in 2008 by Erik T. Kaiser, regarding the modern economic climate. 1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind in modern times. 2. (used with a plural verb) financial considerations in [...]

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“We experienced in the last three months one of the nicest rallies in Wall Street history, and now we’re seeing the reasons why,” said Robert Lutts, president of Cabot Money Management in Salem, Massachusetts. “Texas Instruments and others are bumping up guidance nicely, and many companies that reported very negative consumer reactions are pulling that [...]

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