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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 economy continues to expand and that it does is an amazing feat in itself. OK, growth did slow in the spring but the pace was a bit faster than expected. Whether conditions will stabilize or even improve or whether 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 »
In my outlook for 2012, I ended by saying that “2012 should be quite a bit better than 2011.” Well, we are already seeing signs that the improvement is already under way. Job growth has picked up sharply, the unemployment Continue Reading »
What an amazing year. It started out positively as businesses were hiring again, confidence increased and growth seemed poised to change gears. But then gasoline prices broke the critical $4.00 a gallon level and consumers got worried. There was also 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 »
What a month. Congress decided that it really did have to raise the debt ceiling, a rating agency decided there actually was some risk the U.S. could default on its debt, the government decided that the Great Recession was even 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 »