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    Economics / Bernanke, Federal Reserve Board, interest rates, monetary policy, recovery, stimulus /

    Bernanke Confuses

    August 31, 2012

    OK. Now I get it. The key qualification for any aspiring Chairman of the Federal Reserve Board goes as follows: Give a long awaited speech outlining Fed policy. Give a spirited and detailed defense of that policy. Clearly explain that although that policy is a little unusual its risks and costs are far outweighed by […]

    Commentary, Economics / Romney, Ryan /

    Romney’s New Plan – Same As The Old Plan

    August 31, 2012

    Well then. Now we know. Last night Mitt Romney gave us an unequivocal plan that will, he assures us, generate about 12 million new jobs during his first term. Here it is: And unlike the president, I have a plan to create 12 million new jobs. It has 5 steps. [1] First, by 2020, North […]

    Economics / Case Shiller Index, consumer confidence, home prices, Obama, recovery, Romney /

    More Mixed Messages

    August 28, 2012

    Today’s report from Case-Shiller suggests the housing market is recovering. Finally. The latest figures are for June and show a second straight month of price gain. Clearly home prices have hit bottom and are bouncing back at least a bit. That ought to bolster the economy later in the year as households breath a sigh […]

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