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    Economics / Case Shiller Index, conference board, consumer confidence, consumption, home prices, recovery /

    Consumers Yawn, Home Price Confusion: Nothing New

    August 31, 2010

    Get used to these dog days of summer. We may be set for years like this. The fact that consumer sentiment rose slightly according to the Conference Board survey for August means very little to anyone with an eye on the underlying economy. Only superficial analysts, like those infesting Wall Street, could be cheered by […]

    Economics / consumption, deflation, Federal Reserve Board, fiscal policy, GDP, imports, inflation, inventories, jobs, monetary policy, recession /

    GDP: Crawl, But No Stop

    August 27, 2010

    Today’s much hyped release of the revised GDP figures for the second quarter delivered as promised: the economy is moving at a snails pace, but it hasn’t yet stopped. The revision shows growth of a paltry 1.6%, which is down both from the original estimate of 2.4%, and the now final number for the first […]

    Economics / GDP, jobs, recession, recovery, stimulus, unemployment /

    The Stimulus Worked

    August 24, 2010

    Why are we even talking about this? Of course it worked. The problem was always that it was too small, not that it might not work. Still don’t take my word for it. Go read the Congressional Budget Office report for yourselves: CBO Report On The Stimulus Now there will always be naysayers. Folks who […]

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