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    Economics / banking, deficits, deflation, Federal Reserve Board, GDP, interest rates, jobs, monetary policy, unemployment /

    Beware: The Hawks Attack

    December 2, 2009

    I understand if few of you know who Charles Plosser is. Most of you don’t even care. Maybe after you understand what he said in a speech yesterday you’ll pay attention. Plosser is the head of the Philadelphia Federal Reserve Bank. Mercifully he will not have a vote on the Fed’s monetary policy setting committee […]

    Economics / recovery, stimulus, unemployment /

    Stimulus Report Card

    December 2, 2009

    One of the frustrating aspects of our current economic position is that the debate surrounding appropriate policies is so fraught with ideological land mines. One of the bigger issues constantly being thrown up for discussion is the success or failure of the administration’s stimulus package. Right wingers, who oppose government intervention in the economy under […]

    Economics / GDP, inventories, ISM Business Conditions Index, recession, recovery, stimulus /

    Manufacturing Signals a Slowdown?

    December 1, 2009

    The data this week so far has been sparse, and in the context of our fragile economy it can be worrisome not to see a constant flow of statistics confirming our growth path. People like me tend to get concerned about downside risks and so fret in the absence of rosy information. Take today’s Manufacturing […]

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