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    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 […]

    Economics / banking, consumer confidence, consumption, fiscal policy, GDP, home prices, jobs, Obama, real estate, recession, recovery, Romney, unemployment /

    Winding Down The Year

    December 23, 2011

    We have had a flurry of news this week causing the stock market to bounce around in near frenetic glee. If you to believe that the markets are even vaguely rational, which hopefully you are highly skeptical of, then have cause for optimism. If you’re like me and regard markets as deeply flawed and easily […]

    Economics / banking, deficits, Euro, GDP, Keynes, Minsky, recovery, Spain, stimulus, wages /

    Historic Grumpiness

    December 19, 2011

    I am not sure how to react to the drift of events. It seems as if our leaders, both here and in Europe, are determined to re-create the Great Depression. I guess it must have been fun the first time through. While else would they be so steadfast in their lunacy? We live in absurd […]

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