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15 Aug 2008

Recession of 2008? Evidence Is Still Weak

If I were an economic advisor to a presidential candidate, I couldn't say it:  The economy may not be in recession. The generally acknowledged decider is the Business Cycle Dating Committee of the National Bureau …
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7 Aug 2008

Movies Recession-Prone: Another Myth Dies

Hollywood has said that it's recession proof, because in hard times people will seek escape from their worries by going to the movies.  The Wall Street Journal (subscription required) reports a new study that found …
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4 Aug 2008

Auto Sales: Grounds for Optimism

Car sales are in the tank, but I’m optimistic, much more so than I am for housing.  First, here’s the recent bad news on automobile sales: This is your basic falling-off-a-cliff chart.  What’s the reason …
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31 Jul 2008

Recession? Not in 2008

Wall Street’s rule of thumb, that recession is two consecutive quarters of declining GDP, is not technically correct.  But it’s not a bad rule of thumb.  Certainly there’s no recession when the economy is growing …
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30 Jul 2008

Seattle Home Prices

If you bought a home in the Seattle metropolitan area, do you have a profit or a loss?  If you bought before June 2006 then you probably have a profit.  The average buyer who purchased …
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30 Jul 2008

Dallas Home Prices: You’re OK If …

If you bought a home in the Dallas metropolitan area, do you have a profit or a loss?  If you bought before March 2006 then you probably have a profit.  The average buyer who purchased …
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30 Jul 2008

Portland Home Prices: You’re OK If …

If you bought a home in the Portland metropolitan area, do you have a profit or a loss?  If you bought before May 2006 then you probably have a profit.  The average buyer who purchased …
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