That’s the question posed yesterday by Calculated Risk. Here’s how I’d answer it.
Monthly Archives: October 2007
Employment plunge was a big oops
As many of us were anticipating, today’s employment data released by the BLS showed substantially stronger job growth for September.
Bush Era Consumer and Occupational Safety Budgets and Trade Anxiety
I noted in a previous post the decline in resources devoted to monitoring the safety of products in previous years, contributing to perceived gaps in consumer safety, and hence resistance to international trade.
Not all the news is bad
We’ve been dwelling here quite a bit on the bleak incoming housing data. But I have to admit that I’m not seeing that spilling over so far into some of the other key economic indicators.
The Stock Market and Real GDP
With the recent surge in stock prices, some analysts believe that the probability of recession is receding.
Pick a finger
Princeton Professor Alan Blinder offers his thoughts in the New York Times on who’s to blame for the mortgage mess, getting the attention of Mark Thoma, Dave Iverson, Brad DeLong, and Greg Mankiw. Here are my two cents.