recession

It’s The Wages Stupid

by on July 25, 2012

Such is the breadth and depth of the Romneyfication of our economy that otherwise sensible people make silly faux pas or repeat false thinking without [more…]

Weak Sales

by on July 16, 2012

The economy has clearly hit a weak patch. Today's report on retail sales has them falling 0.5% in June. Not only is this much worse [more…]

Housing Vagaries

by on May 30, 2012

My last post was headlined "Housing Climbing Back".

Oh well.

So much for that.

Today we learned that pending home sales fell for the first [more…]

Bernanke Cautions

by on March 26, 2012

Today's speech by Ben Bernanke has caught quite a bit of attention. So it should. His basic argument is that it far too soon to [more…]

Jobs Market: Continued Improvement

by on March 9, 2012

This morning's jobs report from the Bureau of Labor Statistics makes for some quite dull reading. The headline is that the economy added 227,000 new [more…]

Bleak Housing; Brighter Debt

by on January 20, 2012

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 [more…]

The Not So New Year

by on January 3, 2012

Year end is always an odd time. We pretend that we can wipe the slate clean and that the new year will be unencumbered by [more…]

Winding Down The Year

by on December 23, 2011

We have had a flurry of news this week causing the stock market to bounce around in near frenetic glee. If you to believe that [more…]

GDP Revised Downwards

by on November 22, 2011

I don't think there was too much surprise, except, of course, amongst the Wall Street stock market shills, in today's announcement that third quarter GDP [more…]

Stagnation Watch: GDP Wobbles

by on July 29, 2011

I will comment shortly about the farce that is Washington, but there is an economy to be concerned about. Not that anyone in Washington seems [more…]