…are more of a mid-cycle indicator than a long leading indicator. Here’s the comparison of new home sales with single family permits from the 1970s through the Great Recession: Sometimes…

The consumer may finally be faltering  – by New Deal democrat At this point I think the “smart” econ take is that either any recession is very much delayed, or…

…imminent threat of recession. That continues, but what is increasingly disconcerting is the completely contrary signal from continuing claims. Let’s deal with the weekly numbers first. Initial claims rose 7,000…

…them.) 2.Obama’s proposed chained-CPI cut would typically reduce benefits for 3 percent, and by as much as 6 percent for some recipients. 3.The White House’s decision to label this cut…

…also added the final two sentences. The post is a followup to a post from earlier Friday. I’ve also created an additional label: mainstream-journalism gimmickry. I’ve left the original rather…

…and since then, models have proliferated, transforming the name “Smith and Wesson .38” into a generic label for a particular style of gun, even clones that aren’t made by Smith…

…promises of spending cuts during a recession along with extension of unneeded tax cuts for the rich), and the ill-conceived notion that the U.S. military should continue to be funded…

…get appropriate breaks on their taxes to avoid a renewed recession. See Robert Reich, So much for ‘grand bargains’, Salon.com (Nov. 14, 2012). ‘Broadening the base’ has nothing whatever to…

…not only a great read but also a revealing informational source on the changes in the American polity, she does note the label he attaches to the right-wing resurgence (“breadwinner…

…still be some private label issues and they will be crowded out and, more importantly, the whole point is to get more mortgages written (either for new purchases or refinancing)….