recovery

I will be on RT TV America tonight at 1745 ET talking about the G-20 and the Deficit Commission. Tomorrow morning at 1200 GMT (7AM ET), I will be on BBC World News saying more about the G-20. I hope I have something positive to say…

The following is a post I wrote earlier today at Naked Capitalism. I liked Ed's piece on QE called Does Ben Bernanke Believe The Stuff He Writes?. What caught my eye was his line, "As for monetary policy, while QE does not create new…

Paul Davidson argues that the Obama Administration and its allies in Congress have not actually followed the prescriptions laid out by the British economist Lord Keynes in making economic policy – and that this is a principal reason for…

I have been meaning to put together a few comments about the election on Tuesday but I haven't had the time to string anything together. But an enlightening video from Tech Ticker with Jamie Galbraith provides some good fodder. So let me…

Here's a good town hall-style video featuring Simon Schama and Hugh Hendry on BBC QuestionTime. The ever-combative Hendry gave his opinion on the prospects for the UK economy going forward from the Austerian viewpoint. He said that he…

by Comstock Partners Economic growth remains extremely subdued and a double dip is still a strong possibility. In the first 4 quarters of the current recovery ended June 30th, GDP increased at a rate of 3% annualized, compared to an…

This is the analysis emanating from the ECRI: (CNN) - Op-Ed by Lakshman Achuthan and Anirvan Banerji The good news is that the much-feared double-dip recession is not going to happen. That is the message from leading business…

Anticipation of QEII in the US remains among the most potent forces in the capital markets.   Bernanke's pre-weekend speech and two dovish speeches since--Evans and Rosengren (both voting members of the FOMC).  The case the…

by Comstock Partners For the third time in a little more than ten years Wall Street has embraced a dubious narrative to drive the market higher in the face of crumbling fundamentals. In early 2000 the conventional wisdom discarded over a…

by John Lounsbury Rail traffic continues to show 2010 activity intermediate between 2008 and 2009 for carload traffic while intermodal traffic showed continued improvement to less than 10% below the pre-recession years of 2006 and…