by Jason Apollo Voss | 29 10 2009 | Blog
In case you haven’t heard U.S. gross domestic product expanded at 3.5% in the third quarter. That number exceeded the consensus estimate from economists of 3.2%. This is the first rise in GDP since the second quarter of 2008. Technically this means that the...
by Jason Apollo Voss | 28 10 2009 | Blog
Perusing the newspapers this morning it is difficult to feel super positive about the economic recovery. Before taking these in turn let’s establish the appropriate context for evaluating these stories. Context: The financial markets rose very strongly from...
by Jason Apollo Voss | 26 10 2009 | Blog
For many months now here on ze blog I have been saying that this recession would hopefully be different from most. Specifically I have been hoping that the U.S. consumer would reduce its debts. The idea is that for the long-term economic health of the nation that the...
by Jason Apollo Voss | 23 10 2009 | Blog
Last month saw a surge in existing home sales. Specifically, they were up 9.4% vs. last year’s same time period. This sharply contrasts will August’s 2.9% fall. So why the sudden surge? First, and most importantly home prices continue to fall. We have a...
by Jason Apollo Voss | 23 10 2009 | Blog
Yesterday U.S. Vice-President Joe Biden spoke publicly in Romania. The content of his speech was designed for two audiences: all of the countries along Russia’s western border and for Russia itself. Specifically he stated: “The United States stands against...
