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Signs of Life?

This is going to be a busy week for economic data, and today saw us off to a decent start. Orders for durable goods – those big ticket items that typically last a few years – rose 4.6% in December from an upwardly revised November. There are two things to note: One is that the […]

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British Test Case

For those austerity advocates amongst you: may I draw your attention to the plight of the British economy? Its’ headed down again. There’s a distinct possibility that it will enter recession. Make that a third recession. A rare triple dipper. The prolonged slump pervading Britain has now lasted longer than the Great Depression. It is […]

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Obama’s Week

The only point worthy of comment this week was the reaction by the Republicans to Obama’s inauguration speech in which he gave a fairly straightforward defense of expansive government and what used to be leftish social policies. They immediately jumped on its progressive tone and hurled the word ‘liberal’ around as if it were the […]

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