Archive for the ‘New Posts’ Category

You Ask, I (try to) Answer

June 5th, 2011

A few more questions lifted from last weeks’s comments. In response to my post on our unmet infrastructure needs: Q: Given these needs, why didn’t Obama target the stimulus to infrastructure? A: Actually, about $100 billion of the stimulus, around 12%, went to infrastructure.  Why not more?  The rationale was that stimulus spending should get… Read more

Friday Musical Interlude

June 3rd, 2011

Ok, given this morning’s jobs numbers, we need something special for this Friday’s interlude. In other words, it’s Mozart time.  I was saving him for when we really needed to be reminded of something profoundly beautiful. The challenge is, of course, what piece to choose.  Huge opportunity costs here. But this piece, the double concerto… Read more

Third Impression of the Jobs Report

June 3rd, 2011

OK, a slight bit more substance. You never want to freak out over one month’s numbers in this biz, but when a monthly result reflects other stuff going on in the economy—in this case, slowing growth—you want to give that monthly number a little more weight. So that explains my first and second impressions of… Read more