Weekly Economic Review
It was a light week for economic data but the news was generally positive once again. Week after week, month after month the economic data has continued to surprise the naysayers. I still have serious doubts about how this recovery has been built but there can be little doubt at this point that the recovery .. read more
Still Blaming the Victims
As the new Obama administration prepares to enact the mother of all “stimulus” packages, it seems that some still can’t get straight what caused the current worldwide recession. Hank Paulson still believes the problem was caused by Asians saving too much: In a recent interview with the Financial Times, U.S. Treasury Secretary Hank Paulson blamed the .. read more
Can Obama Fix the Economy?
Apparently, the public thinks Obama can “fix” the economy (via CNN Money): NEW YORK (CNNMoney.com) — A poll released Thursday found that a majority of Americans believe that President-elect Barack Obama can fix the economy. According to a CNN/Opinion Research Corp. poll, 76% of Americans said they believe it’s likely that Obama will improve economic .. read more
