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    Economics / home prices, home sales, real estate /

    Housing Woes Continue

    May 27, 2009

    We all know the housing bubble, and the policies that enabled it, are a prime cause of the current crisis. So watching every bit of housing data has become something of an obsession. The problem with this, of course, is that month-to-month changes are notoriously inaccurate guides as to the underlying direction of any economic […]

    Economics / consumer confidence, consumer spending, consumption, home prices, recovery, unemployment /

    Mixed News

    May 26, 2009

    This morning brings more data to support the notion that the worst is behind us. But along with it is evidence of the long road ahead. In other words a typical day for this point in a recession. First the good news: consumer confidence, as measured by the Conference Board,jumped quite strongly last month and […]

    Economics / deficits, monetary policy, recovery, Social Security /

    Social Security and Deficits: Bad Analysis

    May 25, 2009

    Sometimes you come across really silly commentary and allow it to slip by because it doesn’t seem worth the time to say anything. I must admit that has been a very frequent occurrence during the past few months. Especially so with respect to two favorite topics of the conservative politicians: Social Security and Federal Deficits. […]

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