economic recovery

"What’s bad for Main Street and good for Wall Street in the short term is bad for both in the long term" (Robert Reich)

by KenWe all know -- don't we? -- that watching the stock market provides a reflection of certain factors in the state of the economy, it's far from any kind of reasonable measure of the economy. Which is the reality that underlies Robert Reich's blogpost "Why the Lousy Jobs Report Boosted Wall Street" (which I read via Nation of Change).

Am I the only one who has been missing nytimes.com's fascinating-looking ongoing conversation on economic inequality, "The Great Divide"?

by KenThis comes of keeping nytimes.com at arm's length, owing to the NYT's totally understandable effort to realize some financial recompense for online consumption of its semi-expensively produced content: I have paid no attention to an online-only series, moderated by that sterling economist Joseph E.

Paul Krugman asks if we should be surprised that "Republican assertions about what ails the economy are pure fantasy"

"I can't think of a time when a party's economic doctrine has been so completely divorced from reality."-- Paul Krugman, in his NYT column today, "Phony Fear Factor"by Ken"So Republican assertions about what ails the economy are pure fantasy," Paul writes in his column, "at odds with all the evidence.