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

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In Defense of Deficits

…of the private credit system is a sure path to stagnation, to a double-dip recession–even to a second Great Depression. To focus obsessively on cutting future deficits is also a…

Government Site to Check

…and production, both priming the pump and moving production forward. This works if (1) the cost is minimal and (2) the production will be saleable (avoid the “double-dip”). Which implies…

Prognostications January to August

…raises rates and plunges the economy into a double-dip recession. And here’s the latest: U.S. consumer prices rose more than forecast in July, indicating Federal Reserve policy makers have reason…

After the Recession: What then?

…recovery. Calculated Risk predicts it will be a W, a double dip recession. Others see the traditional V. I suggest we may be in for something worse. No letter the…

GDP and Housing

…show New Home Sales and the last three consumer recessions (four counting the ’80s double dip). The gray area signifies that the economy was in recession based on the National…

Housing and Recession

…about 8 to 12 months after the number of housing transactions peak. Here is a look at the last three consumer recessions (four counting the ’80s double dip). The gray…