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Consumer Spending Up? Come on get happy…
Written on 9 Nov, 2011 at 8:31
The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)
Tagged with: bank of america borrowing car loans car sales citibank consumer spending core rate of inflation CPI credit diana olick double dip economic recovery economic statistics economic stimulus economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures GDP GNP Goldman Sachs HAMP inflation jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode mortgage crisis mortgage servicers personal consumption president obama recession student loans Treasury Secretary Tim Geithner trial modifications unemployment unemployment benefits unemployment rate wells fargo bank
The Recession is Over! Long Live the Recession!
Written on 11 Oct, 2011 at 12:33
Look people… don’t get bummed out about this study, because a few years from now the NBER is probably going to refer to today as having been a peak. ... (Continue reading)
Tagged with: american jobs creation act bailouts banking lobby Bureau of Labor Statistics Carmen Reinhart and Kenneth Rogoff Deflation diana olick double dip economic recovery economic statistics economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Bank of New York Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP Henry S. Farber of Princeton University Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman median income ml-implode Neal Lipschutz Occupy Wall Street Sentier Research the great recession this time is different Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers Wall Street Journal wells fargo bank
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