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    Economics / auto industry, consumption, exports, GDP, home prices, imports, real estate, recession, recovery, unemployment /

    Stagnation Watch: GDP Wobbles

    July 29, 2011

    I will comment shortly about the farce that is Washington, but there is an economy to be concerned about. Not that anyone in Washington seems to care. So we ought. This morning’s GDP report is a little worse than I expected, and, as you know, I have fairly low expectations. Looking back over the first […]

    Commentary, Economics /

    Speechless: Follow-Up

    July 26, 2011

    I think Krugman is making an important point. So let me put my own spin on it. Our political system has spun out of control not because of the emergence of a virulent form of right wing extremism, but because there is no counter balance. There is no penalty for being an extremist. A Tea […]

    Commentary, Economics /

    Speechless

    July 26, 2011

    It is rare for me to find words hard to come by. Now, however, I have arrived at such a point. I am speechless. Almost. The debt crisis is now moved beyond absurd. It is no longer theater to be analyzed by our seemingly never ending stream of experts – experts whose accumulated knowledge is […]

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