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    Economics / deficits, fiscal policy, health care, Reagan, tax cuts /

    There Are No Moderates

    July 20, 2009

    Can we just all get over this. I am sick and tired of the media breathlessly reporting every word of supposed moderates in Congress. It is an astonishing oddity that these self-proclaimed middle of the road nonentities can get so much attention. They are simply annoying. Take the ‘Gang of Six’ who exploded onto the […]

    Economics / consumption, leading indicators, recovery, wages /

    Looking Ahead: Leading Indicators Give Us Hope

    July 20, 2009

    This week promises little by the way of new data on the economy, instead most eyes will be on Ben Bernanke as he gives his regular testimony before Congress. The key issue we will all be focusing on in his comments is his strategy for unwinding the extraordinary monetary policy of the past few months […]

    Economics / B. of A., bailouts, banking, Bernanke, Citibank, GDP, Goldman Sachs, JP Morgan Chase, monetary policy, nationalization, recession, unemployment /

    End of the Week: Banks; Health Care; the Fed; and California

    July 17, 2009

    It seems that the entire week has drifted sideways: nothing of note occurred to suggest that the economy’s trajectory has changed. We are still declining, albeit at a slower rate. The problems remain the same: unemployment, high debt, and a very weak banking system. The next few weeks are crucial. If the recovery is to […]

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