Archive for September, 2010

Fed Fighting The Recession That’s Over

Lots of people and pundits are having fun with the NBER’s announcement of the end of the Recession. The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. […]

Another Cure Offered Up For Housing

I suspect that even when the economy reaches a point of real recovery that there will be someone, somewhere stumping for another mortgage relief plan. Today’s edition is brought to you by Glenn Hubbard and Chris Mayer. It’s essentially a rehash of a plan Morgan Stanley touted a couple of months ago. In a NYT […]

Consumers Don’t Pare Debt Quite The Way You Think

If you think that American consumers have found religion when it comes to debt, you might be surprised by what really is happening. From the WSJ: First, consider household debt. Over the two years ending June 2010, the total value of home-mortgage debt and consumer credit outstanding has fallen by about $610 billion, to $12.6 […]

Steve Jobs As A Ninja And Other Thoughts

Not much time to post this past week, so here are some things that caught my eye along the way. Housing The emerging consensus seems to be that while the government can keep shooting bullets at the housing market for as long as they care to throw away tax payer dollars, their efforts are likely […]

A Quick Couple Of Must Read Articles

Just a few minutes this evening, unfortunately, to put anything up. So, I’d like to point to you to two good articles. The first is via Greg Mankiw’s blog and it has some important information on the details behind proposed tax increases. Here’s the link to the article Mankiw references and here is an excerpt: […]

Sebelius Threatens

Last week Health and Human Services Secretary Kathleen Sebelius took the health insurance to task for not only raising premiums but for intimating that the Affordable Care Act was one of the reasons for the rate increase. It has come to my attention that several health insurer carriers are sending letters to their enrollees falsely […]

Bringing Down The Unemployment Rate – How Hard Will It Be?

Here’s a really good, short paper from the San Francisco Fed about labor force participation rates. I know that probably is inducing glaze in your eyes, but stay with me. It helps put in perspective all of the conflicting claims that you hear about how many jobs we need to create to get to a given […]