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Home Prices Keep Rising

A quick note: US home prices, as measured by the Case-Shiller index, rose again in July – the latest month for which there are figures. The increase, an annualized rate of 1.6%, was sufficient to push the year-on-year gain to 1.2%, and was the fourth month in a row of increase. More good news was […]

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We Are All Job Creators

One thing that really irks me, and that has become a major feature of this election, is the silly phrase ‘job creators’. It speaks to an ideological view of the economy unsupported by the facts. We often hear right wing economists and politicians talking about the need to encourage investment and hence growth by reducing […]

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Puff The Magic Romney

Well what a week that was. Mitt Romney has not yet lost the election, but he has come perilously close. If he pulls out a win, which is now looking like a long odds bet, it will not be because of his economic plan. This is because he doesn’t have one. Or, rather, that his […]

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