Like most promises made before an election, the promise of an economic recovery is beginning to look like a false promise. Last fall, the housing market was showing signs of…
The Yin-Yang Economy
Last week, with sequestration pending, President Obama and others warned of airplanes falling from the sky, tainted meat being served and schools being closed because of teacher layoffs. The budget…
GDP Doesn’t Stand For Great DePression
Measuring growth in Gross Domestic Product (GDP) is like taking the economy’s temperature. The annualized growth rate of 1.5% at the end of the second quarter – which is a…
An Anorexic Recovery
If we could put the recovery of the past few years on a scale, it would be the thinnest in history. Recently, though, it has become downright anorexic. Goldman Sachs…