Thursday, July 15, 2004

Die Wirtschaft

Sorry about my use of German for the entry title(The economy) but I'm reading Marx. I'm concurrently reading Keynes so I'm more than a little confused about economic theory at present :)

No worries though, as real world economics are vibrant and many faceted things that seem bent on confounding theories and rendering equations useless..or else we're all being mislead. Nah. That could never happen.

The state of the U.S. economy seems to be wiltering under the summer heat.

The labor market is loosening, producer prices slipped unexpectedly in June, and the housing market - which has been the bulwark of economic strength all throughout the last four years - is cooling as sure as interest rates are rising.

All told, the stimulus from the Bush tax cuts appear only in the rear-view mirror. The various talking heads that were raving about Bush's economic plan were directly benefitting from it.

For those of you using IE at a resolution of 800 x 600, help is on the way. I have a couple of days to reapply the old template and it'll be right as rain.

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