Roach Lite
9:27 (Dow Jones) It seems Stephen Roach, the Morgan Stanley economist, has been relatively quiet of late, but the payrolls report...
Embarrased by the States, the Feds Get Ready to Indict Ken Lay
The WSJ has an article out this morning worth perusing: “Probe of Enron Ex-Officers Intensifies” Isn’t it funny, that...
Shell Shocked CEOs
The economy continues to improve. Inventories are low, GDP and Productivity strong; Industrial metals are up. Money Supply is still...
Are you a Neocon?
A quick post before leaving for the beach: Are you a: Isolationist Liberal Realist Neoconservative ? Take the Christian Science Monitor...
True Size of Government
The Center for Public Service released a “Fact Sheet on the New True Size of Government,” by Paul C. Light, Director...
More on Structural Job Loss
We discussed yesterday how Structural Job Loss “Complicates” Recovery. The Washington Post has picked up on the same theme today, in...
Lag This! Payrolls Drop by 93,000 Jobs
Yes, payroll numbers, unemployment and joblessness are lagging indicators. It’s a well known understood process: As companies start...
George W. Bush: A “Big Government Tax-Cut & Spend...
The the era of big government is back, thanks to the Bush Administration. That’s the conclusion of a Brookings Institute study. The...
Now you tell me . . .
Bernard Bernanke on the thankless task of economic forecasting: “When I was a boy in South Carolina, my parents always advised me...
Structural Job Loss “Complicates” Recovery
On numerous occasions we have written (more times than we care to recall) that this has been a unique recession/recovery cycle with a...