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Banking in the Middle

Politics is dominating the US scenery right now, so very little constructive conversation is taking place in Washington about how to fix the economy. That doesn’t mean that people elsewhere aren’t talking. Andrew Haldane, for instance, has given us a brief insight into his views. They resonate well here. The economics profession was, and remains, […]

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Political Economics

Like everything in America the economics profession is deeply politicized. The chasm that divides the two sides of the cultural war is mirrored exactly by two sides equally entrenched in economics. This means that nothing an economist says can be taken at face value. The entire profession is now bogged down, failing to move forward, […]

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Production and Construction Pick Up

The last couple of days have brought us more news to support the notion of a solid, if unspectacular, recovery being well underway. Both industrial production and, more particularly, new home construction support a slightly optimistic outlook by growing more rapidly than forecast. So they’re worth noting. Yesterday we learned that industrial production which had […]

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