Category: Economy

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Leaving for the last time

In the last 16 years I probably spent more time in this room than anywhere else. It felt weird to walk out last week knowing that if I was ever back it would be as a visitor.

Two apartments, a 9 year-old, seemingly countless seasons and events and just everything happened while I was here. Good times and bad and some awful and some great.

We moved just three floors, and it was the right call because no one wants offices anymore so why were we paying for 30 of them, but it feels a lot farther.

Probably some day I’ll stop hitting the wrong button in the elevator, but not yet.

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TPP

I’m pretty shocked to see someone, especially a public economist, ask a question like this:

But it’s just another example of how the specifics have flown under the radar, or been dismissed because it’s just another trade agreement.

Everyone should read this.

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Economy, #OWS and ‘Recovery’

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Corporate profits bounced back impressively since 2009, but between June 2009 and June 2011, real household median income fell 6.7 percent.

When you read things like this, is it really so surprising that people are marching in the streets?  The economy is recovering slowly, but with weak job growth and hard credit it’s only helping those that were already doing ok.

What I’m really afraid of is that this is still too positive for the opposition and we’re due for another debt-ceiling-like event to shake confidence.

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Countdown to Default?!?!

Dear CNBC:

I’m writing to let you know I’m quitting you.  For 10 years watching every morning I’ve let you get away with a lot of stuff, but this is too much.   This was two hour long commercial for a political agenda.  Letting someone say that we’re frozen by  ‘regulatory activism’ when we’re coming out of a crisis of regulatory failure, talking about our ‘debt crisis’ when our financing costs are at historical lows, calling debate about a joke of a budget demagoguery , I could go on and on.

I’m not sure what I’ll watch instead but there’s got to be something better.

Demagoguery