Housing Market & the Economy
Yesterday, we noted how the unusually warm January weather (amongst other factors) played a large role in the US Retail Sales. Today, we...
Economists React to Bernanke Testimony
> Our earlier comments were picked up by the WSJ. Its in the public (free) section, and has lots of other comments by lots of other...
Connect the Retail Sales Dots
The usually astute WSJ blows a front page story on yesterday’s retail sales data. Actually, you can asign 60% of the blame to...
Are Bears really more rigorous than Bulls?
Are Bears really more rigorous than Bulls? I don’t know the basis of that statement, but I hear it alot, most recently from Jim Cramer....
Dark Matter Revisited
Monday’s discussion of the BusinessWeek cover story on "Economic Dark Matter and Why the Economy is Stronger than You...
Misunderstanding Savings Rate: Still Negative
This evening, I read Michael Brush’s column Americans Still Have Saving Grace. He argues that "Are we really dipping into our...
Government Budget Number Crunching
I do Larry Kudlow’s show whenever he asks, and while I am certainly not the political wonk he is, I do keep track of the budget...
BusinessWeek Cover Story: Disingenuous or Denial?
"Why the economy is so much stronger than you think." –BW > I was initially perplexed by this magazine cover, and it...
The Real Estate Soufflé
We have a decidely nuanced view of Real Estate: While not neccessarily a bubble, it has been the prime driver of the economy since rates...
About that GDP . . .
I find it amazing that the economic slow down — obvious not just in hind sight, but for the past 6 months (at least) — has...