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Economist

Interesting data point: TV’s per household grew at the fastest in a decade last year, according to Nielsen.

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The TV is at the core of the multi-media experience. And, as The Economist points out in a recent special report, TV programming is being consumed across more platforms than ever before.

Compelling argument for the power of TV.

I do wonder, though, how many of those TV sets per household increased because of people combining households and brining their favorite TV with them….

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The Conference Board Leading Economic Index was released today, jumping 1.4% in March, capping six straight months of increases and reaching what the Conference Board calls “its highest level.”

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It’s nice to see a quantitative chart blending multiple data points that ticks up strong strongly.

As is consistently the case in this economic recovery, employment will be a primary driver of continued performance.

Adds Ken Goldstein, economist at The Conference Board: “The indicators point to a slow recovery that should continue over the next few months. The leading, coincident and lagging series are rising. Strength of demand remains the big question going forward. Improvement in employment and income will be the key factors in whether consumers push the recovery on a stronger path.”

Regardless, this is a nice bit of momentum to head into the summer with.

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How do you assess the state of the Middle Class?

February 5, 2010

What drives quality of life and how do you assess the circumstances of the middle class?
If quality of life relates to access to sufficient food and shelter to ensure good health, then an overwhelming plurality of American’s have good quality of life.
If quality of life improves when you have access to devices that reduce the [...]

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Shiller says the national mood is the key to a recovery?

February 1, 2010

What role is human emotion playing in the prospects for an economic recovery?
Robert Shiller expressed his concern in this Sunday’s New York Times that a deflated population, burned by the excesses of the last decade, are feeling detached from the responsibility and opportunity to drive an economic recovery.
A USA Today/Gallup poll, for example, found this [...]

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The economic stimulus program was off target in simple ways, Harvard’s Feldstein writes

January 20, 2010

Martin Feldstein, the Harvard economist, today in the Wall Street Journal offers an attractively succinct and common-sense assessment of the effect of Obama administration programs on the economy.
A stimulus was needed, Feldstein writes. The problems was that it had the wrong emphasis.
The result was an unnecessarily large increase in the national debt for a [...]

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A look at the leverage cycle

November 9, 2009

If you give people money to buy things, they’ll buy more than if they are using their own money. The less skin in the game, the more risk they will take. That’s the essence of what Yale economist John Geanakoplos calls “leverage cycle” theory. An article in the Wall Street Journal last [...]

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Thinking about the short-term direction of the housing market

September 9, 2009

I’ve been musing the last couple of days over the trajectory of the economy and the housing market, wondering what the recent trends portend. One by-product of the economic decline, neatly summed up in Paul Krugman’s New York Times piece this past Sunday, is that no expert is reliable. The future is unknowable [...]

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