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    Economics / austerity, business investment, consumer confidence, consumption, demand, economic policy, GDP, government spending, growth, inventories, trade /

    Growth, But Barely?

    February 28, 2013

    Today’s headline is that the economy grew, just, in the fourth quarter last year. GDP rose at an annual rate of 0.1%, down from 3.1% in the third quarter and at the slowest pace in almost two years. But things aren’t that bad. On the contrary the report is quite encouraging. this is one of […]

    Economics / business investment, durable goods /

    Durable Goods Orders Slump

    February 27, 2013

    But don’t worry. Let me repeat myself: this is both an important statistic and a very volatile one. It is important because the things being measured are big ticket items that cost a lot and form a basic part of investment by business as well as households. So rising orders for durable goods is usually […]

    Commentary /

    You, Me. Them, We.

    February 26, 2013

    There’s no us. The current malaise in our politics and its corollary in our elite’s thinking is that we are experiencing a clash of world views. This prevents compromise. It disallows the existence of a muddled center. And it looks down upon the notion of a coherent polity. Instead it substitutes an endless series of […]

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