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    Economics / Bernanke, Federal Reserve Board, fiscal policy, GDP, interest rates, monetary policy, Obama, recovery, stimulus, unemployment /

    The Fed Acts

    September 13, 2012

    Well it had to sometime. No one else is doing anything. Only a few days ago I expressed a certain dismay that Ben Bernanke said a lot of the right things in his Jackson Hole speech, but then had done nothing. He articulated exactly why the Fed ought to act, and act aggressively, and then […]

    Commentary, Economics /

    Deep Sleep and Other News

    September 12, 2012

    With the US immersed in one of its weekly presidential elections – they seem to be that frequent – nothing substantial can be done about our malaise. No one wants to do anything for fear of inciting a tsunami of attack ads, venomous deformations of the truth, and contorted definitions of what is actually going […]

    Commentary, Economics /

    Doggie Paddle Economy

    September 7, 2012

    Remember the doggie paddle? That’s what the economy’s doing. Lots of effort. Lots of splashing about. Even more huffing and puffing. All to little or no avail. We’re going nowhere. And we’re not going there very quickly. On Tuesday we learned from the Institute for Supply Management that the manufacturing sector has lost momentum. Less […]

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