According to The Conference Board consumer confidence is at a 5 year high. It is now sitting at 76.2 (1985=100), up from 69.0 in April. More people believe the job market will get better. Their upbeat outlook also applies to their short term expectations for the economy. According to the New York Times, Housing prices […]
America Deserves Better News: Sequester Pope Coverage And Cover the Sequester Effectively
It is understood that the Pope matters to 1.5 billion Catholics and likely many others. The Pope has abdicated his papacy. Cardinals will be getting together in the next few days to start a process to elect a new Pope. There will be little real news on that event in the near term. Media providing […]
Our Economy Still Faces A Cliff: European-Style Austerity–Learn The Facts
The U.S. Economy shrank for the first time since 2009. There are many technical reasons beyond the scope of this post why the 0.1% drop is not as bad as it may initially seem. That said, this could be a mini-preview of the upcoming cliff. Sequestration, the severe and draconian cuts to both social programs […]
Economist Richard Wolff: Capitalism Hits The Fan
Richard Wolff gives one of the most informative pieces of our economic dilemma.
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