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  • poses 25 questions to ask anyone who is "delusional enough" to believe the economic recovery is real. "Shouldn’t we at least wait until the number of Americans filing for bankruptcy is not setting new all-time records before we even dare whisper the words 'economic recovery'?"  [View news story]
    JOBS, JOBS, JOBS, we need jobs. There is no such thing as a jobless recovery. Employment will cure many ills. Until that happens, this is the recovery you get.
    May 26, 2010. 07:37 PM | 3 Likes Like |Link to Comment
  • Is the Recovery Already Fading? [View article]
    Recovery, What recovery? Tell the 9 out of 10 ten workers that lost employment, and are still unemployed about that recovery. I think it is time to stop reporting about a recovery that can be jobless. If there is such a recovery, this is what it looks like. Unsustainable.
    May 25, 2010. 07:37 PM | 10 Likes Like |Link to Comment
  • Don't blame teachers and cops who pull down fat retirement checks for huge and growing unfunded pension liabilities; blame the political process that encourages governments to defer and understate costs, Ed Glaeser says. We need a compensation system "where costs are obvious and where governments pay... at the time the work is done." Otherwise, the whole country could wind up like New York or California.  [View news story]
    And, how about those who retire at 55 and live in retirement more years than worked on the public dole?
    May 25, 2010. 07:24 PM | 14 Likes Like |Link to Comment
  • Correction or worse? Three of WSJ's four "tell" indicators paint a bleak picture for the future.  [View news story]
    GE as a key indicator, and no mention of the sharp decline in Dr. Copper?
    May 23, 2010. 11:53 AM | 1 Like Like |Link to Comment
  • Krugman Laments the Coming Lost Decade [View article]
    I think Morrison was "Plastered In Paris"
    May 22, 2010. 08:20 PM | 3 Likes Like |Link to Comment
  • Krugman Laments the Coming Lost Decade [View article]
    American in Paris. I think Paris is the correct location for you.
    May 22, 2010. 01:05 PM | 8 Likes Like |Link to Comment
  • The Federal Reserve Wins Again [View article]
    Why should this come as a surprise. The Fed was created for the precise reason to bail out the rich after the panic of 1907. Our country has been a bailout nation for the last 100 years. The U.S. went from 1834 until 1913 without any central bank. We had many boom and bust cycle's and fortunes were made and lost in a heartbeat. But nobody bailed them out. With the panic of 1907 J.P. Morgan and a handful of other industrial giants put up their own money to save the banking crisis, i.e the rich saved the rich. They devised the concept of the federal reserve systems wereas the federal government would save the crash's, rather than private money. Banking and business could therefore continue to take the risk and reap the rewards and with the establishment of the income tax at the same time the taxpayer would take on the responsibilities. This is our system. Do we really think any new regulations are going to change this system? Why would congress take away the oversight of banks from the Fed, when that is the precise reason why the Fed was created.
    May 22, 2010. 11:19 AM | 3 Likes Like |Link to Comment
  • We're not Greece, Paul Krugman says, but we're looking an awful lot like Japan - deflationary traps aren't hypothetical, and the U.S. is facing its own lost decade of persistent high unemployment and slow growth. "It could happen here."  [View news story]
    This socialist never sees debt as a problem. He keeps clamoring to spend more, more, more. Our savings rate will have to grow 10 fold before we approach the problems of Japan.
    May 21, 2010. 07:25 PM | 6 Likes Like |Link to Comment
  • Building on Current Earnings Foundation, Analysts Project Future Growth [View article]
    I think one key component was left out of the report. The largest growth for the Dow stocks in sale and earnings are coming from outside the US and a weak dollar. I feel with a stronger dollar and weaker Euro, along with Europe's current debt crisis, the future growth rates should be somewhat lower.
    May 21, 2010. 06:57 PM | Likes Like |Link to Comment
  • Can We Grow Our Way Out of Debt? [View article]
    Sorry about the wise crack, I am almost there too. Sad, but true, they may be the only jobs left.
    May 21, 2010. 12:06 AM | Likes Like |Link to Comment
  • Can We Grow Our Way Out of Debt? [View article]
    Yea! New printing presses for all.
    May 20, 2010. 08:25 PM | 2 Likes Like |Link to Comment
  • Can We Grow Our Way Out of Debt? [View article]
    You can not save your way to growth, see Japan. What sectors will lead us to recovery? Just about all except more Walmart greeters.
    May 20, 2010. 08:20 PM | 1 Like Like |Link to Comment
  • Can We Grow Our Way Out of Debt? [View article]
    Is there not one single economist in this country that even considers the individual states and local economies? States and local communities are smothered in debt, and cash poor. Any growth that may occur over the next several years will be eaten away by state and local taxing bodies to pay down debt and service the legacy cost left behind by a generation of early retirement and end of life benefits. They can't print money or say no to the federal government when DC passes legislation such as health care and medicaid then passes much of the cost on to the states.
    May 20, 2010. 07:44 PM | 3 Likes Like |Link to Comment
  • Peak Oil Investments I'm Putting My Money On: Part X, Improving Vehicle Efficiency [View article]
    Your pay per mile may be quite fair for metroplitan commuters, but I think this would place a very unfair economic burden for our rural areas where private transportation is the only option because of availabilty, and cost constraints for public transportation. I think we will continue to have different philosphical and investment opinions on the subject. Were I to invest for this market, I would perfer Precision Cast Parts. This would cover both conventional auto parts and aerospace.
    May 17, 2010. 10:49 PM | Likes Like |Link to Comment
  • The Not-So-Great Recovery [View article]
    Professor Morici, I agree with most of what you say. But, I am perplexed with this article as a follow up to the article you wrote 5-14-10 titled "Stocks Poised For A Big Rally", which you called the Dow reaching 13,000 by 2011. I disagree that the Dow is that unattached from the US economy, especially the job market and the excessive debt that will compete for the investment dollars. Our national economy can not grow at normal stable rates until we find a way for states and local governments to return to sound and fiscal policy. Debt is our biggest enemy, and will kill job creation for the long haul. Would you please explain how you can meld these two articles into one train of thought.
    May 16, 2010. 08:32 PM | 2 Likes Like |Link to Comment