Archive for the ‘New Posts’ Category

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

(Dis)-Stressed Out

June 2nd, 2011

The housing market is a mess.  There’s still much too much inventory, too many homeowners are underwater, prices have yet to hit bottom, and, like the first picture below shows, while foreclosures and delinquencies appear to have peaked, they’re still way high. I’d also say this is the most important factor holding back economic growth. … Read more