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    Economics / banking, consumer confidence, home prices, interest rates /

    Home Prices Fall Again

    April 26, 2011

    One of the factors weighing down on consumer sentiment is the persistent fall in home values. So it is worth noting today’s report on the Case-Shiller Index, which showed yet another month of decline – by 1.1% in February, the latest month of data available. The index is a composite of prices in the top […]

    Economics / bank reform, banking, corporate profits, Federal Reserve Board, GDP, inequality, productivity, real estate, recovery, unemployment, wages /

    Where Are We?

    April 25, 2011

    It’s tough to tell exactly how the recovery is going. Since this is a busy week for data reports it behooves us to step back and set the stage. If you recall, at the end of last year the economy was growing at around 3.0% to 3.5% at annual rates. That was a marked improvement, […]

    Economics / banking, Bush, deficits, fiscal policy, GDP, jobs, Reagan, stimulus /

    A Left of Center Budget?

    April 22, 2011

    What would it look like? All the talk so far has centered on the far right plan of the Republicans – a.k.a. the Ryan plan – and Obama’s counter offer, which is more right of center than the media imagines, because of its emphasis on cost cutting rather than revenue raising. This means that there […]

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