Be careful with today’s report on US GDP. It looks better than it is. The headlines all read that the US economic activity accelerated in the fourth quarter of 2011. It did. At 2.8% the last three months of the year represent a significant improvement, and suggest that the recovery, however strong it is, is… »
In solidarity with the Chinese government I have decided to forego my trip to the annual Davos shindig. I am willing to overlook the fact that, for the second year in a row, my invitation arrived late. Actually it didn’t arrive at all. But I… »
Is is just me or are we firmly stuck in one of those endless dramas designed to drive us all batty? David Cameron just gave a speech in which he called for ‘urgent action’ to resolve the Euro Zone crisis. This must be the millionth… »
Confusions abound. This is the middle of an intense, partisan, and important election cycle and confusion, deliberate or otherwise, is abundant. This is a moment when we need clarity, and… »
Today’s slightly upbeat report does nothing to mask real estate’s rotten 2010. For the record: sales of existing homes rose 5% in December hitting an annual rate of 4.61 million… »
This is a quiet day. Except for Mitt Romney and his charge to the Republican nomination. A furor has broken out over Romney’s tax rate. He, like many very wealthy… »