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    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 […]

    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 […]

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