Weighing the Week Ahead: What to do about Jobs?

From start to finish, the coming week will have a heightened focus on employment.  Labor Day weekend in a presidential election year provides the obvious backdrop.  Stubbornly high unemployment and sluggish economic growth underscore the issue of greatest concern. This popular chart from Calculated Risk shows the nature of this recovery, described in terms of […]

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Weighing the Week Ahead: Hopes Too High for Jackson Hole?

After weeks of anticipation, we may get the answer to a key question: Will the Fed launch another round of Quantitative Easing? Since the decision for QE II is linked to Fed Chair Bernanke's 2010 speech to the annual Economic Symposium at Jackson Hole, some expect a similar outcome this time.  There is obvious confusion. […]

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Romney? 100% Chance of Recession!

In the entire history of official recession dating (beginning in the 1850's) there is a startling fact: Every newly-elected Republican President has brought a first-term recession.  All of them.  "Always and only" as we hear from a popular data-mining pundit. You can check out the list of GOP Presidents here.  And the official recession dating […]

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