recovery

The news about Greece's bailout has me thinking a lot about Creditanstalt, the Austrian bank which collapsed in 1931. This account bears remembering because we should see the 1929-1933 descent as a two-part episode, with the second part…

Here are a few interesting tidbits from the Wall Street Journal from around this time in 1931. I missed this one, but it is pretty good historical info. 16 April 1931 Head of Spanish provisional govt. N. Zamora pledged Spain will be…

At the end of last month I proffered three potential explanations for the continued fall in the US savings rate.   The first explanation was that the economy was in a cyclical recovery predicated on asset price inflation and this…

I agree with Feldstein that a double dip is a risk (a much larger risk than many believe).  However, this presupposes that we are in technical recovery, one I believe began last summer. Also see Stuck in the Middle from Tim Duy's…

For the majority of us, the credit crisis we are living through has come rather unexpectedly. And because it has been both a surprise to many and a traumatic experience to yet many more, we are all trying to contextualize it using past…

Office vacancy rate hits 16-year high| Reuters Demand for O.C. homes at 9-month high – Lansner on Real Estate : The Orange County Register FT.com / Columnists / Wolfgang Munchau – Greece will default, but not this year…

Going forward, due to time constraints I will not be publishing a weekly jobless claims report. However, I will report on the data when they are significant. Early next month, a much anticipated non-farm payroll (NFP)number is coming out.…

In late 2007 the global economy began to stumble, slipping into the abyss of a deep recession and financial panic. We are only now recovering from this stumble, in large part due to an unprecedented level of fiscal and monetary stimulus.…

The February US retail sales data was much stronger than expected, even when taking into account the downward revisions in January.  A picture of a broadening of the recovery is emerging.   Looking at the Jan-Fed period…

August 2009 was the high point of American’s satisfaction with the economy during Barack Obama’s tenure. Interestingly, this meshes with the data on the ground. In a recent interview, Simoleon Sense quoted James Montier as saying that…