Yes, I think we have a nice L shaped economy with modest GDP growth and modestly improving employment, so far mostly evidenced by the increased hours worked that you’ve been pointing out. Acceleration happens when/if some aspect of private sector credit growth takes off. If euro solvency risks are indeed fading, it should be back […]

BP response- this is a no bailout zone

I agree the guilty need to be identified and punished, but that doesn’t stop with those responsible at BP, their suppliers and contractors, or the regulators who failed us. It runs much deeper, extending to our failed political process. The financial crisis is analogous. The criminals need to be tracked down and prosecuted, as Bill […]