George may have left office a year ago, but there appears to be a growing consensus that the likely shape of the recovery will be a “W.” How appropriate, if you believe that we are reaping the bitter fruit of his administration’s policies.
A front page article in the Business Section of last Wednesday’s New York [...]
A Faltering Housing Market?
November 29th, 2009 · 1 Comment
Tags: Economy · Market news
Alphabet Soup: What Shape Will the Recovery Take?
September 16th, 2009 · 4 Comments
On the anniversary of Lehman Brothers’ demise and the near-collapse of global markets, it seems appropriate to take a step back from our little corner of heaven for a wider view.
Given where we were a year ago, the world seems to have heaved a huge, if cautious, sigh of relief. During the chill days of [...]
Tags: Economy
More Grim News on Housing
March 9th, 2009 · 3 Comments
Saturday’s NY Times proclaims “A Gloomy Outlook for Home Sales’ Big Season.” The headliner, by the way, was “Job Losses Hint at Vast Remaking of U.S. Economy.” Is it really any wonder we have difficulty sleeping a’ nights?
Here are some of the cheery highlights:
One out of every seven apartments and houses in the US [...]
Tags: Economy
On the Economic Front, A Rare Voice of Optimism
February 13th, 2009 · No Comments
It’s hard to find much cause for hope these days. The headlines tell us every day about tectonic shifts in our economic landscape. We read about layoffs spiraling into the millions, major institutions crumbling, government bail-outs of unprecedented proportion. Just one example of the doom and gloom: David Brooks on today’s NY Times Op Ed [...]
Tags: Economy