Capital Commerce


March 2007


No Shelter From the Housing Storm

As the saying goes, never try to catch a falling knife. And what made me think of that? This: New single-family home sales declined 3.9 percent in February to an annual rate of 848,000, according to new Commerce Department data. That's the lowest level in almost seven years and much weaker than the ...

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TAGS:
housing market
economy

Bush's Nuclear Option on Taxes

The Dow Jones industrial average is now back within 2.5 percent or so of its all-time high after rallying 3 percent from its 2007 nadir. (The Shanghai Sneeze and all that.) But should the Dow eclipse its old mark, there are some people–other than massive short sellers, of course–who won't be ...

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TAGS:
economy
inflation
taxes
employment

Warmer Weather Helps the Job Market

All the bears on the economy have been telling the rest of us to keep a close eye on jobless claims. If they start rising–probably driven by spillover from the weak housing market, the theory goes–that will be an important sign that the labor market is weakening. And if the labor market is ...

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TAGS:
economy
employment

Subprime Scare Is March Madness

Maybe the troubles in the subprime mortgage market will turn into some sort of nasty financial contagion that will dramatically worsen the broader housing market and nudge the economy into recession. But I have a difficult time seeing that happen as long as jobs and incomes are growing. For ...

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TAGS:
economy
subprime mortgages
employment

Just Dying to Worry About the Economy?

As I mentioned to CNBC's Maria Bartiromo last weekend on her show, The Wall Street Journal Report, right now the U.S. economy sort of reminds me of the dysfunctional family in the Oscar-nominated film Little Miss Sunshine: It doesn't work perfectly, but it gets the job done in the end. To ...

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TAGS:
economy
recession

Is McCain Really a Born-Again Tax Cutter?

The embryonic Rudy Giuliani campaign has gotten a lot of stick from critics who doubt he'll be able to effectively win over Christian conservatives because of his liberal social views. Less has been said about Sen. John McCain's need to win over another important GOP group: economic conservatives.

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TAGS:
McCain, John
taxes
employment

Consumers Are Still Key to Avoiding a Recession

Recession predictions are all over the map right now. Alan Greenspan thinks there's a one-third probability. Economist David Rosenberg of Merrill Lynch estimates there's a 55 percent chance. Joel Prakken, chairman of Macroeconomic Advisers, thinks there's "well less" than a 50 percent chance–and ...

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TAGS:
economy
recession

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