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One month, the numbers tell us that economic conditions are softening, the next month we discover the economy is on the rise. It almost sounds like a political debate where the views of reality are so different it is hard Continue Reading »
The conventions are over but they didn’t clarify much. President Obama argues that the economy is recovering and he is the best person to complete the job while Mr. Romney says he has the best plan to create jobs. Exactly Continue Reading »
The economic data were great for months. And then came March. A string of less than stellar reports raised questions about the state of the economy. In particular, job growth slumped and housing starts cratered. But not all the data Continue Reading »
In 2008 and in 2011, high oil prices led to consumers losing hope and cutting back spending. While gasoline above $4.00 by itself did not crater the economy, it did play a major role in its slowdown. At least for Continue Reading »
Consumers and businesses keep telling us conditions are bad. But the recent economic data have been surprisingly solid, pointing to an accelerating recovery. Unfortunately, the economy has had nothing but bad luck and the problems facing Europe and rising energy Continue Reading »
After the bizarre August events, investors, commentators, politicians and not a few economists became convinced the economy was headed directly into a double-dip recession. Well, the path from growth to decline is not as clear as many thought. Job growth Continue Reading »
Maybe fear is not the only thing we have to fear, but it is the key problem facing the economy. The drum beat of negative economic news is dominating the information networks: The economy isn’t creating any new jobs. Inflation Continue Reading »
So far this year the economy has been on quite the roller coaster ride. After a slow start, the job market heated up and by April, conditions were looking a lot better. But then gasoline prices surged and consumers began Continue Reading »
Summertime and the living is still not easy. Job growth has stumbled, consumer confidence has faded, and business expectations have eased. Clearly, the economy has hit a soft spot. Does that mean a double-dip recession is possible? Right now, that Continue Reading »
Bubbles inflate. Bubbles burst. When the last major bubble – housing – exploded, it crashed the financial sector and ultimately the economy. This time, the piercing of the oil balloon should remove one of the major hurdles to stronger economic Continue Reading »