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Unemployment Muddle Too

Not only is the housing market a mess to interpret, so too is the job market. Today’s weekly report on initial unemployment insurance claims showed a good drop: the week ended September 19th had 21,000 fewer such claims than the week before. The problem is that the overall figure is stuck above half a million […]

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Housing Muddle

I commented just two days ago about the state of the housing market. The data that prompted me then was the release of home price trends by the Federal Housing Finance Authority – prices have risen very slightly over a period of a few months which suggests that the market has hit bottom. But today […]

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Health Care Debate: How to Keep Score

We have now entered the critical phase of the debate over health care reform. I have deliberately ignored this issue for weeks because I didn’t see anything constructive going on: the entire month of August was spent in an orgy of extremism and name calling that served only to raise blood pressure and muddy waters. […]

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