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    Economics, Politics / banking, Citibank, Geithner, GM, jobs, Paul Volcker, stimulus, Summers /

    Cheer Up Obama

    January 25, 2010

    The fine line between economics and politics has frayed this last week in the aftermath of the Massachusetts election result. I never thought the line was substantial anyway, but that only served to place me on the edge of economics rather than invalidate what I thought. After all for the first hundred and fifty years […]

    Economics / auto industry, bailouts, banking, GM, Reagan /

    Bank Bashing

    January 25, 2010

    Sitting, as I was this morning, reading the Financial Times an ill-informed reader could have been excused for feeling sorry for bankers. After all the sudden burst of populism at the White House seems to have caught the industry off guard. Time will tell whether the administration is serious about following its words with action […]

    Economics / stimulus, wages /

    Housing Woes Return?

    January 25, 2010

    Let’s not all get into a tizzy over today’s report that sales of existing homes plunged 16.7% in December: to an annual rate of 5.45 million from November’s 6.54 million. We are going to see quite a few quirky and volatile reports over the next week or so, and this is the first. The reason […]

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