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    Economics / deficits, health care /

    Health Care: Rationing By Any Other Name

    December 11, 2009

    I have abstained from getting too vexed over the health care debate simply because we are still waiting for yet another round of ‘scoring’; from the Congressional Budget Office. Once that arrives it will set off a flurry of amendments and updates, after which we will arrive at a slightly more clear understanding of what […]

    Economics / consumer sentiment, consumption, household debt, retail sales, unemployment /

    Good News: Retail Sales

    December 11, 2009

    You all know my mantra about one month of data not being a trend. Well what about two months? This morning’s release of the November retail sales data brings us good news: they rose by 1.3%. This follows October’s revised increase of 1.1%. So two months in a row? Is this a trend? It’s beginning […]

    Economics / jobs, unemployment /

    Jobs Data: A Turn For The Worse?

    December 10, 2009

    Just as I caution not to take a single week or month’s data as a sign of a turn in a tide, I must remind myself not to get too worked up over today’s surprising uptick in first time claims for unemployment insurance. Last week’s level of 474,000 was up from the prior week’s 457,000 […]

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