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    Commentary, Economics /

    Republicans and The Slowdown

    May 26, 2011

    This morning’s news simply carries on our current theme: the economy is stuck in a low gear, and is seemingly unable to accelerate. The revised GDP figures are hardly worth mentioning in any detail since they end up with first quarter growth at a rate of 1.8%, identical with the preliminary numbers announced last month. […]

    Economics / Bush, durable goods orders, home prices, real estate, recovery /

    The Long Slowdown Continues

    May 25, 2011

    One of the things I find most odd about our economy, perhaps dispiriting is the better word, is that no matter how hard I try, I find it difficult to become truly upbeat about it. We appear stuck in some gigantic rut the boundaries of which prevent us from breaking free and getting back anywhere […]

    Economics / banking, home prices, real estate /

    New Home Sales Rise; So What?

    May 24, 2011

    Sorry. I just can’t get too excited over today’s news that sales of new homes rose 7.3% in April. So what? But I pass the news on despite myself. Sales are now running at an annual rate of 323,000, which is much better than March’s 301,000, but is way below – to the tune of […]

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