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Jobs Report – The Soft Side of Mediocre

May 4, 2012, 8:38 AM

As expected, today’s jobs data showed a slowing labor market. Payrolls expanded by 115,000 in April, less than hoped or expected. Upward revisions to February... Read »

Jobless Claims Fell Sharply Last Week

May 3, 2012, 10:07 AM

Suddenly the sun came out… again. New filings for jobless benefits dropped a hefty 27,000 last week to a seasonally adjusted 365,000. It appears that the downward... Read »

A New Old Explanation for Recessions & Financial Crises

May 3, 2012, 8:02 AM

Edward Conard, a retired executive of Bain Capital and a major donor to Mitt Romney’s presidential campaign, tells us that the precipitating cause of the 2008... Read »

Is Higher Inflation Really the Answer?

May 3, 2012, 6:58 AM

A lot of people, including those who favor NGDP targeting, want the Fed to raise the rate of inflation; at least, temporarily. Three questions immediately come to... Read »

Should the Fed Do More?

May 2, 2012, 12:51 PM

Johns Hopkins University Professor Larry Ball, Princeton Professor Paul Krugman, U.C. Berkeley Professor Brad DeLong, University of Oregon Professor Tim Duy and... Read »

ADP Reports Sharply Slower Job Growth In April

May 2, 2012, 11:51 AM

The April update of the ADP Employment Report is a clear signal for keeping expectations low for Friday’s influential payrolls report from the U.S. Labor Department.... Read »

The Coming Revolt Against Austerity

May 2, 2012, 7:48 AM

Mindless austerity is losing policy credibility in some Eurozone nations. This column suggests governments shouldn’t mix long-term growth and fiscal discipline... Read »

Is It Time to Buy a House? Maybe…

May 1, 2012, 3:54 PM

This morning we received a bouquet of flowers. It was from the woman who just sold us a house in Baltimore. She sent the flowers to say ‘thanks.’ “We must... Read »

More Nonsense on Taxes

May 1, 2012, 1:38 PM

Saez and Picketty are really starting to annoy me now.   They’ve been going around suggesting that the optimal top rate on federal income taxes is about 70%. ... Read »

Manufacturing Activity Strengthens In April

May 1, 2012, 1:10 PM

The first major economic report for April brings encouraging news. Economic activity in the manufacturing sector expanded last month, the Institute for Supply Management... Read »

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