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    Economics / Case Shiller Index, consumer confidence, consumption, GDP, home prices, real estate, recovery, unemployment, wages /

    What Spring?

    March 29, 2011

    It’s a couple of years since Ben Bernanke used the springtime “green shoots” description of the economy. Since then we have had a few good quarters of warming weather, but we never arrived at a fully fledged summer. We seem, to extend the saying, stuck in perpetual springtime. The reason, I think, is clear. Average […]

    Economics / business investment, consumption, corporate profits, Federal Reserve Board, fiscal policy, GDP, home prices, interest rates, inventories, monetary policy, real estate, recession, recovery /

    Growth, But Not Enough

    March 25, 2011

    Solid is one of those words none of us wants to hear as a description of our abilities. Solid is not exciting. Solid is very middling. There is no va-va-voom in solid. But then again neither is it bad. No, solid is just dull. Very dull. Our economy is solid. Ugh. Today’s reports on GDP […]

    Commentary /

    Banks and Regulation In The Age Of Alice

    March 24, 2011

    Alice in Wonderland. The only way I can come to terms with the new world order is to imagine myself trapped in some alternative place where up is down and down is up. Perhaps you know of such a place. It’s called America. How else do we justify the governor of Maine’s decision to strip […]

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