Capital Commerce


April 2007


Buchananomics for the Dems?

Which Democratic presidential candidate will pull the trigger? Which Democrat will come right out and advocate some old-fashioned protectionism–or "economic nationalism," as some trade warriors like CNN's Lou Dobbs prefer to call it? While both parties have grown more skeptical of trade, the Dems ...

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TAGS:
international trade
taxes
Buchanan, Pat

The Dow and the Bush Tax Cuts

With the Dow industrials making new records every day of late–even cracking the 13,000 barrier to fascinate all the Wall Street numerologists out there–I thought it would be a real kick to see how the stock market has performed since Congress passed the 2003 Bush tax cuts on May 23, 2003. (The Jobs ...

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TAGS:
stock market

Housing Isn't the Whole Story

I see it all the time: the too-common error of focusing on housing–you might have heard the sector's been a bit dodgy of late–to the seeming exclusion of virtually all other economic factors. The foolishness of that myopic mistake was once again illustrated by today's solid durable-goods report for ...

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TAGS:
global economy

Calculating an Economic Apocalypse

Sometimes you don't need a cute anecdote or bon mot in posting. Sometimes the numbers speak for themselves. So here's the latest–just out this afternoon–on the long-term financial condition of Social Security and Medicare:

1) In 2017, cash flow into Social Security will turn negative, and the ...

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TAGS:
social security
Medicare

Economy Safe From Recession? Investors Think So

More good news: The Dow Jones industrials are extending their record gains of late and also approaching the 13,000 level. So not only do consumers seem to be ignoring all the doom-and-gloom predictions about the economy–mostly from housing bears warning of a spillover to other sectors–but the ...

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TAGS:
economy
housing market

Ignoring the Naysayers

The past few weeks, economists have been laying odds on two scenarios: a recession sparked by the housing downturn, or stagflation–lousy growth plus rising prices. Neither is very appealing. But the latest data provide a bunch of positives. Yesterday, we had news that retail sales rose 0.7 ...

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TAGS:
economy
inflation

Inside Giuliani's Economic Thinking

One frequent criticism of Rudy Giuliani and his 2008 presidential candidacy is that "America's Mayor"–a total policy wonk when running New York–seems to be winging it on the stump and is a little light on details. So I was happy to have the opportunity earlier this afternoon to participate in a ...

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TAGS:
Giuliani, Rudolph
economy

The Capital Commerce Debate: Round 1

Will the housing slowdown tank the rest of the economy, or will job and income growth continue to support and eventually strengthen the current expansion? These are just two of the critical questions that will be vigorously analyzed and argued this week in the inaugural Capital Commerce debate.

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TAGS:
economy
housing

Jobs Numbers Are Good News for the Economy

Got to like the fresh jobs data from the Labor Department. It's perhaps the best sign yet that while the imploding housing market may yet kill America's current economic expansion, it won't happen anytime soon. Nonfarm payrolls rose a stronger than expected 180,000 in March. What's more, the ...

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TAGS:
economy
employment
taxes

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