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What Goes Around

Read any news story about the onrushing ‘fiscal cliff’ and somewhere within it will be a reference to the massive damage it is doing to business confidence. A major, if not the only, reason for limp business hiring and investment is the supposed uncertainty that the ‘cliff’ implies. Financial writers especially speak of the ‘cliff’ […]

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Week Ending December 7th – Cliff Edition

This week we learned that nothing matters. Nothing. Not unless it’s about the Fiscal Cliff. Then it matters. Really, really matters. Why? Because serious people everywhere say so. And, as we all know or ought to know, serious people everywhere know what they’re talking about. That the entire discussion is riven through with contradictions, errors, […]

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Employment Numbers: Good or Bad?

Don’t you hate it when the best answer to that question is a variant of: “well, it depends”? But it does. It depends on whether you read the household survey first or the establishment survey. The household survey was taken a week earlier and thus captures the blip caused by hurricane Sandy. The good news […]

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