Recent Data Do Not Point to an Imminent Economic Upturn

In a recent post, I demonstrated that there is a large amount of optimism amongst many Keynesians.  The general consensus was that if only the Fed could be allowed to perform more quantitative easing and thus allow the “fiscal cliff” issues to be deferred to yet a later date, the U.S. economy is something like [...]

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Keynesians Chortle in Their Joy

Now that Ben Bernanke continues to have a friend in the White House, all’s going to be well in the world- at least economically.  At least, that’s the impression large segments of the media is promoting.  

When any segment of the media and market participants are feeling so good about things that they appear [...]

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