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    Economics / ADP Employment Report, consumption, GDP, ISM Business Conditions Index, jobs, recovery, unemployment, wages /

    Hiring On The Rise?

    January 5, 2012

    Just days after I issued my forecast for a rather dull 2012 we read that the US private sector hired 325,000 people in December. This is according to ADP the payroll processing company that keeps an eye on such things. This is a noteworthy jump in activity by any standard and deserves to be commented […]

    Economics / Alan Greenspan, deficits, entitlements, Spain /

    Dangerous Misconceptions

    January 4, 2012

    Words. They can hurt. They can purvey pernicious thoughts behind attractive or clever sounding draperies. They can, as with orthodox economics, do substantial damage to ordinary people who are completely unaware of the meaning of those words, or the dire consequences that those distant and stuffy sounding thoughts can bring raining down on the innocent. […]

    Economics / consumer confidence, consumption, exports, GDP, home prices, inflation, jobs, real estate, recession, recovery, unemployment, wages /

    The Not So New Year

    January 3, 2012

    Year end is always an odd time. We pretend that we can wipe the slate clean and that the new year will be unencumbered by the weight of the old. We party – so I hear – and ring in the fledgling as a kind of tabula rasa open to anything. Not so much. Not […]

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