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    Economics / austerity, economic policy, fiscal cliff, GDP, government spending, growth, Obama, Republicans, Simpson-Bowles /

    The Debt Non-Problem

    June 6, 2013

    You may have missed it but we are fast approaching yet another deficit/debt ceiling showdown. The real fight will be this fall, but the early posturing is beginning. As usual all the serious people in the media and elsewhere will be chiding the White House for its apparent lack of leadership, where ‘leadership’ means giving […]

    Economics /

    Say? McCloskey

    June 5, 2013

    Getting back from a break is always tough. In our current economic climate I am finding it even more difficult than usual. Nothing much changes. Growth is so-so – I found last week’s headlines hilarious when first quarter GDP was revised down. Some in the press screamed  about things being much weaker than originally estimated. […]

    Economics / home prices, real estate /

    Housing: Keeps Up The Good Work

    May 23, 2013

    Today’s report on the sale of newly constructed homes tells us that the real estate recovery continues unabated. Sales rose 2.3% in April to an annual rate of 454,000, a number about 29% higher than this time last year. That’s not earth shattering in the context of the peaks we saw during the bubble years, […]

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