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    Commentary, Economics /

    Banks, Debt, and Other Oddities

    May 20, 2011

    It’s the end of a long and busy week. I have been less involved in the latest economic news largely because of other commitments. Plus everything seems to have reached an impasse. For instance, our banks have managed to escape serious punishment for the disaster they foisted on us. Some of you are skeptics and […]

    Economics / conference board, home prices, jobs, leading indicators, real estate, recovery, stimulus, unemployment, wages /

    Choppy Waters?

    May 19, 2011

    The Conference Board loves the publicity it gets whenever it releases its Index of Leading Indicators. Today it entered the ranks of those trying to manage expectations downwards. It told us that the drop of 0.3% in the index during April portends choppy waters ahead. This was the first time the index had declined in […]

    Economics / capacity utilization, GDP, home prices, industrial production, real estate, recovery /

    Dreary As She Goes

    May 17, 2011

    Today’s news matches the weather: dreary, below average, and dispiriting. This is supposed to be spring. It feels very far from that. I suppose there is no real news in the report that housing starts gave up what meager ground they had gained in March. April’s drop of 10.6% to an annual rate of 523,000 […]

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