I’ve been super-busy with little time to post. I hope to rectify that starting early this week. In the meantime, this from Calculated Risk.com is the best summation of the current state of the employment market I’ve seen in some time. Forget all of the economists’ blather about structural versus cyclical and blah, blah, blah. [...]
Archive for February, 2011
I think what’s going on in Wisconsin is pretty important. I haven’t formulated all of my ideas yet, so I’m not going to post on it right now. In the meantime, here is a press conference the Governor held on the issues. It comes from a blog called Powerline via Capital Gains and Games. If [...]
It still represents a staggering head wind for the economy, but today’s report from the Mortgage Bankers Association might at least indicate that we are at the end of the worst of the mortgage crisis. First, take a look at this from Calculated Risk.com (click for a larger image). Overall, the delinquency rate for all [...]
If you didn’t catch this on CNBC, it’s worth watching. Senator Tom Coburn and Senator Mark Warner discuss the new Obama budget. Here’s what I found notable: The Obama budget is probably DOA (no surprise there). Coburn went out of his way not to criticize Obama for any lack of boldness or leadership. He gave [...]
One of the ways that government tends to tackle difficult problems is to redefine parameters in a manner that minimizes the problem. Inflation is a good example. Over the years we have seen “refinements” in the metrics used to measure its severity as well as a definition which excludes the inflation rate of certain components [...]
An interesting graph from Mike Mandel. Of course, the fact that education and health care benefit substantially from federal funding has nothing to do with their growth.
Well the Obama administration’s proposal(s) for remaking the country’s mortgage finance system has finally arrived. It, to my mind, is both a reminder of the paucity of leadership we currently enjoy as well as an important document around which to frame, hopefully, a private system which delivers unsubsidized mortgages. As with health care, Obama has [...]