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    Economics / auto industry, Bernanke, consumption, GDP, real estate, recession /

    Understanding Bernanke

    May 5, 2009

    Every time I hear that Bernanke has offered up some hope of impending recovery I feel the need to scour through the data to find support for his statements. There is, after all, the idea that he sees something that the rest of us don’t. So his testimony today sent me back to the books. […]

    Economics / deflation, inflation, Japan, recession, stimulus /

    Deflation and Wages

    May 4, 2009

    It’s a rare moment when Paul Krugman agrees with someone like Martin Feldstein, they represent very different parts of the political and economic spectrum. But agree they do. What is the miracle factor that binds them? Their fear of deflation. Nothing is as threatening to the way in which we all conduct business in the […]

    Economics / Federal Reserve Board, Goldman Sachs, regulation /

    Goldman Sachs: Connections Run Amok?

    May 4, 2009

    Here’s is a little reported story worth keeping an eye on: some people are concerned about the extent of Goldman Sachs reach into our regulatory and legislative process. I know that’s not real news. Anyone who followed the AIG debacle closely would have seen the apparent preferential treatment Goldman received from the Paulsen Treasury. With […]

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