Archive for February 1st, 2010

I am all for boring banks. The more boring the better. We could even press the limits of boring and go all the way to Canadian levels of tedium. That seems to be a theme in the press nowadays so I thought I would provide you with the necessary links:
Here’s Paul Krugman channeling the Financial… »

One of the most annoying things I come across as I talk about the economy is just how little the average voter knows about it. We are asked to form opinions and then vote of policy options based upon a very flimsy understanding of what the situation is. In the current fraught political atmosphere, and… »

The recent pattern of mixed news about the economy continues this morning with the latest data on consumer spending, construction spending, and manufacturing all being released at once. Together these reports simply add to the overall difficulty we have in identifying a clear or firm trend.
Let’s take them one a t a time:

Starting with the… »