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    Economics / bank reform, banking, consumer confidence, consumption, GDP, jobs, recovery, unemployment, wages /

    The Outlook

    October 11, 2011

    I read today that Moody’s suggests a new recession has about a 40% chance of occurring in the foreseeable future. I think that’s a bit high. The problem we have at the moment is that our elite is doing everything in its power to diminish growth. Moody’s says that policies will chip about 1.7% off […]

    Economics /

    Meandering Along, Going Nowhere

    October 11, 2011

    Who knew that interesting times could be so dull? All the dangerous excitement of our great crisis and the exhilaration of erstwhile recovery has given way to an enervating nothingness. We are meandering along going nowhere. Deliberately. And that is both infuriating and frustrating. Because it need not be this way. The incompetence that flourishes […]

    Commentary /

    Fragments on Fragments

    October 10, 2011

    So. The summer is formally and finally over. I am back in New York for an extended time. At least until I can escape again. Looking back over the past few months during which I have spent much time away from the city in much more bucolic surroundings I am struck by the fragmentation of […]

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