Other priorities are forcing me to step away from this website. The last year and a half have been a pleasure as I added some insight (and only a little opinion) to what was going on in the U.S. economy. I'll be back, timing is unclear.
This site remains a good review of the tremendous economic collapse during the 2007-2009 recession and the great lengths the Federal Reserve and Administration went to avoid an even worse outcome. The review of the fiscal and monetary policy moves will be debated for years to come. However, the political effects are becoming painfully clear already.
The massive $787 bln stimulative package and the tremendous fiscal deficits expected over the next decade leave a truly massive national debt that will promote tax increases as the government swings a bigger stick. The push for national health care moves our system from self-service toward a welfare state and will significantly lessen the quality of the finest medical system in the world.
This site has always kept a safe distance from political opinion. I’m just broad brushing the big picture. In sum, the economy has now turned out from the most severe collapse since the great depression. A few lagging indicators such as employment growth and credit availability are bringing up the rear as political opinion has taken back the focus in the daily headlines.
Thanks to all you readers out there and the comments you’ve sent to me.
For those seeking other sites on economics, a few include :
Calculated Risk : http://www.calculatedriskblog.com/
Economist’s View : http://www.economistsview.typepad.com/
Greg Mankiw’s thoughts : http://www.gregmankiw.blogspot.com/
Economics Browser : http://www.econbrowser.com/
Good luck Tim, we'll miss your insight and commentary.
Posted by: Bob Lind | January 10, 2010 at 11:18 AM
I received 1 st mortgage loans when I was a teenager and that aided me a lot. However, I require the car loan also.
Posted by: MunozHarriett20 | July 13, 2010 at 04:30 PM
"I sought to show the changing balance of planes - from anti-ship torpedo and dive bombers in the early days when the main objective was destroying other ships - to fighter planes, whose main job was to defend against the kamikazes in the final months."
Max, Midway is pretty much the final act of anti-ship carrier warfare, right? If you follow Keegan and Churchill, it's the critical turning point in the Pacfic war - there's a wonderfully readable description of Midway in Keegan's The Price of Admiralty.
Posted by: coach sling bags | December 23, 2010 at 04:44 AM
It was when I was happiest that I longed most...The sweetest thing in all my life has been the longing...to find the place where all the beauty came from.
Posted by: Air Jordan | February 23, 2011 at 08:53 PM
The only thing we have to fear is fear itself - nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.
Posted by: Air Jordan | February 24, 2011 at 08:04 PM
When you are in the corner and have no cash to get out from that, you will need to take the business loans. Because that would help you for sure. I get short term loan every year and feel OK just because of that.
Posted by: credit loans | December 27, 2011 at 03:01 PM