Relevant and even prescient commentary on news, politics and the economy.

March Trade Balance Preview

The trade balance for March will be released on May 11th. There are reasons to expect that the March deficit will set another record. Even with the recent slowdown in the US economy, the global economy appears to be slowing even faster with Japan and Germany both either in recession or close. Therefore exports for […]

Running Away from the Pozen Plan

Today’s Meet The Press had two prominent Republicans distancing themselves from the Pozen plan. Senator Allen seemed sincere about his opposition to cutting benefits for the middle class. When Andrew Card was presented with the size of these cuts, he told Tim Russert: Now, the plan that you put on the table is really not […]