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

    Republicans and the Fed

    September 21, 2011

    In the category of bald faced hypocrisy, this week’s attempt by the Republican Congressional leadership to strong arm the Fed, must surely scale new heights. Here’s the Associated Press story: WASHINGTON (AP) ‰ÛÓ Republican leaders of the House and Senate are urging Federal Reserve policymakers against taking further steps to lower interest rates. On the […]

    Commentary, Economics /

    Class Warfare

    September 20, 2011

    Oh get real. Obama’s melange of proposals include letting the Bush tax cut for the wealthy expire. That was the Bush plan, although I am sure he imagined the Republicans could force it to linger on indefinitely. But now that Obama suggests executing the Bush plan we hear cries of “class warfare” from the right. […]

    Economics / housing starts, inflation, jobs, real estate, recovery, unemployment /

    Word of The Week: Moribund?

    September 20, 2011

    Moribund. Work the word around in your mouth. Pronounce it carefully. Mull it over. Moribund. It’s the perfect word to describe so much of our economy. Take housing for example. Moribund is the perfect word to describe real estate right now. Yesterday we read the homebuilder’s report. This is a survey of developers and others […]

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