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Consumer Confidence Rises Sharply

Let’s not get excited, but this morning’s Conference Board report on consumer confidence is quite surprising. The index jumped from a revised 61.3 in August to 70.3 in September, beating expectations and, perhaps, altering the outlook for growth. This is the highest reading for seven months and suggests that the summer’s downswing is well past. […]

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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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