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What to do Next?

The economic news is now a stream of bad, followed by worse, then followed by terrible happenings. There have been precious few, if any, bright signs, and I doubt that we’ll get anything positive until well into the first quarter of 2009. The employment outlook is getting worse by the day. Retail sales are collapsing: […]

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What to do With GM?

The conversation is now quickening. The topic is GM. I suppose in a broader sense the topic is actually what to do about American owned car companies since they are all suffering in one way or another. Here’s a New York Times story today to set the stage:News Analysis – G.M.?¢?‚¬?„¢s Troubles Stir Question of […]

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Krugman is Right

Having taken last week off I return today and find the economy not much changed from a week ago! In other words things are still grim. Already there has been an outbreak of right wing chatter that attempts to paint Obama’s victory as too modest and restricted to amount to a mandate for dramatic change. […]

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