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Posts Tagged ‘Euro’

July 2011 Economic Overview

July 2011 Economic Overview

For all the monetary and fiscal stimulus applied to the US economy, the recovery remains a disappointment. Growth may rebound to above 3% in the second half of the year. Inflation rose to 1.5% in May. The Fed may consider easing again. But the wealth is not trickling down. Small business account for 99% of all US companies and account for [...]

February 2011 Economic Overview

February 2011 Economic Overview

The American economic Recovery is subdued by historical standards. Banks and households are working off excessive debt. Real bipartisan budgeting must involve increases in taxes and cuts in entitlements. American companies make a third of their profits outside of the country. The underlying American economy is stronger than pessimists [...]

January 2011 Economic Overview

January 2011 Economic Overview

Can the Euro survive? A break up would be even worse. Germany is fed up with paying for other country’s mess, and talk of a ‘Strong Euro Area’ is becoming commonplace.  Say Germany, Austria, the Netherlands and France set up the ‘strongs’ to reconsider their place in the union, maybe even create a two-tiered Euro? And, say Spain, [...]

October 2010 Economic Overview

October 2010 Economic Overview

The Slow Slog Continues. The US economy is growing, painfully slowly. Estimates for GDP growth range around 1.5-2% versus previous estimates of 2-2.5%. Home and automobile sales remain below pre-crisis levels.  Recently, housing starts showed the first sign of life in a long time. Unemployment hovers around 10% and will remain high. The debt [...]

June 2010 Economic Overview

June 2010 Economic Overview

There are glimmerings of hope, but the economy remains Janus Faced: for every good, there is a bad. Housing prices have stopped going down and new home sales are beginning to show signs of life. But much of the positive is accounted for by the need of home buyers to get in before the incentive programs end shortly. Factory orders rose briskly, [...]

May 2010 Economic Overview

May 2010 Economic Overview

Economic unintended consequences pervade the US. Is the party over? For the last 40 years, the US consumer has served as the engine to lead the US economy out of miasma. Is Unbridled economic growth undermining the Protestant ethic of self-denial? Conspicuous consumption has fallen into social disrepute. Real Thrift is Back! Thrift is becoming the [...]