From a future article in The New York Times: Janet Yellen, retiring chair of the Federal Reserve Board, announced that The Fed’s quantitative easing program, aka QE12, is close to…
Get Back to Work
Labor Day has passed. It’s time to get back to work … or at least think about work. Work, or the lack of it, is what the economy is all…
The Age of Low Expectations
Observing today’s global economy is like watching Adam Sandler’s best movie. It’s horrible, but it could be worse. Consider what passes for improvement today: Europe is no longer in a…
The Off-On-Off Economy
The economy recently has been full of stops and starts, ups and downs, good news and bad news. Optimists will say that progress is being made, as we’ve moved beyond…
House of Cards
The current housing recovery is not a house of brick, but a house of cards. The cards came tumbling down this week, as the U.S. Commerce Department reported that housing…
Obamacare’s Economic Impact
What would be a more effective way to increase employment and boost the economy – continue quantitative easing or repeal Obamacare? The answer is obvious to anyone paying attention. After…
Key Indicators Negative Across The Board
The worst things get, the more they stay the same. As the stock market continues to set records, the latest Philadelphia Fed Business Outlook Survey shows that the business outlook…
How Baby Boomers Can Benefit the Economy – Keep Working
If baby boomers decide to postpone their retirement, it may not solve all of the country’s economic problems, but it will help address most of them. So it’s good news…
Blame It on Sequestration
President Obama and the Federal Aviation Administration blamed recent flight delays on sequestration. Now the Federal Reserve Board’s Open Market Committee is blaming sequestration for the poor performance of the…
90,000,000 Americans Have Stopped Working
When the unemployment rate declines, even by a little bit, it should be good news. But when it declines because people are leaving the workforce in record numbers, it’s not.…