Updating the recession watch; & what might the government do to fight a slowdown?

Summary: The economic data continues to darken. Let's review the situation -- updating the recession watch -- and guessing what might be the government's response to a recession. It's an era of new normals, so we should expect steps that would have been considered incredible or even mad a decade or two ago.  {1st of … Continue reading Updating the recession watch; & what might the government do to fight a slowdown?

2015 might bring an end to the great age of experts’ experiments on us

Summary: Beam us down to Earth on 31 December 2015. What will we find? My guess is that the massive experiments now underway by experts will have borne fruit, and we'll know if they were sweet or poisoned. Interesting times lie ahead, and none can say how they will end. Contents The age of experts' … Continue reading 2015 might bring an end to the great age of experts’ experiments on us

Understanding the new world shown us by Larry Summers

Summary: A weakness of my posts is that they don't adequately convey the wonders of our time, the extraordinary events, the uncertainty of future outcomes.  Today I attempt to show the amazing nature of our new economy, as highlighted in last weeks' speech by Larry Summers. We have entered a new world, for ill or … Continue reading Understanding the new world shown us by Larry Summers

Four graphs showing a nation in decline. An unnecessary and easily fixed decline.

Summary:  We mock China for their over investment in infrastructure. Gleaming new factories, high-speed trains, subways. Foolish ants. Exceptional America does it better. As a third in this series, we look at some pictures of how much America invests in itself.  These are snapshots, not a comprehensive assessment. Still, they tell a chilling story.  We … Continue reading Four graphs showing a nation in decline. An unnecessary and easily fixed decline.

Different answers to your questions about the momentous Fed decision to delay tapering

Summary: We have now had a 24 hour avalanche of analysis about the Fed's decision not to taper. Most technically accurate, as economic news often is. But myopic, as news coverage usually is. Today's post gives a wider perspective on this decision, putting it in the content of the Great Recession and the following slow … Continue reading Different answers to your questions about the momentous Fed decision to delay tapering