We've been saying for some time that if oil hits $70 a barrel, that puts the economy at a tipping point where if there were some other serious problems, we could fall into recession, ... they would leave the economy vulnerable to some other shock that might come along.
It dawned on no one ... that Mr. Miller was an investigator hired by an attorney, namely Mr. Geragos?
It sounds like it's too soon to write the obituary on the housing market. There's not enough clear evidence.
That could give the housing market in California another year of life before it slows down.
These January numbers are strong. The fact that the number of unemployed persons is down to 7,400, on a seasonally adjusted basis, must be a new cyclical low. It?s pretty remarkable that so few people are unemployed in the county.
This is not a home run. But it's pretty steady growth over the last six or seven months. If nothing else, it's a stable rate of growth that San Jose hasn't seen this in a long time.
The biggest impact clearly is local, not national. If New Orleans suffers a fair amount of damage to hotels and casinos, people may not go there for a while because who wants to go if the place is a mess?
We support EPA Administrator Carol Browner's effort to vigorously appeal this wrong-headed court decision. The public health and environmental community stand firmly behind her. And so do the American people.
This year is really going to be seen as a transition year away from the booming economy to a more moderate pace of growth.
The factors that have been supporting growth around the country, they're just not present in the Midwest. The turnaround's just been more prevalent on the coasts.
