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    Economics /

    Ben Meets His Demons, and Waffles

    March 2, 2011

    That’s what happens when you elect a bunch of radicals. Stuffy old Princeton professors run into the buzz saw of ideological invective. Yesterday our Ben managed to slide through his presentation to the Senate with comparative ease. The Senate is after all much like the Princeton Club. Replete with deferential staff, woody walls, lush carpets […]

    Economics / construction, inflation, ISM Business Conditions Index, jobs, manufacturing, recovery, stimulus, unemployment, wages /

    Good Stuff? And The GOP Plan To Cut Jobs

    March 1, 2011

    There are a few interesting pieces of news to report today. My take on them is a little different, so here goes: Manufacturing We heard today that the Institute of Supply Management’s index of manufacturing activity rose yet again. It reached 61.4% in February, up from 60.8% in January, and is now at its highest […]

    Economics / consumption, inflation, personal incomes, real estate, stimulus, wages /

    Slow Start to 2011?

    February 28, 2011

    Today’s news is a less upbeat than I had expected. Not that I had great expectations to begin with. Personal incomes rose 1.0% in January and personal consumption rose with it, but by a much smaller 0.2%. The problem is that the income figure is derived mostly from the payroll tax cut Obama managed to […]

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