August 10, 2012

Category: Articles

The Future of Retailing

For all those busy people who have better things to do than fight the traffic, find a parking space, try on clothes and wait in line to check out, the future of retailing will be spectacular.

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August 3, 2012

Category: Articles

Disincentives to Work?

The incoming data continue to be disappointing, though the July U.S. payroll gain is encouraging.

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July 12, 2012

Category: Articles

Canada’s Growth Unexciting, But Fundamentals Strong

The Canadian economy has been growing at a sub-2% pace in 2012, well below last year’s pace. Indeed, growth in the third quarter was a mere 0.6% a.r. and we are forecasting that the final quarter of this year will see real GDP expand only 1.5%.

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June 29, 2012

Category: Articles

Surprising Victory for Obama

The Supreme Court ruling upholding the key components of the Obama healthcare plan was a significant legal victory for the President, although his conservative opponents are already calling it a massive middle-class tax increase and are threatening to repeal it.

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June 22, 2012

Category: Articles

Even Modest Growth at Risk

All around the world, economic activity has been slowing. Acknowledging the disappointing prospects for growth, the Federal Reserve extended its maturity-lengthening bond-purchase program, better known as Operation Twist.

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June 17, 2012

Category: Articles

Greek Fallout

The world is facing a dangerous moment as it awaits the fallout from the Greek election.

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June 15, 2012

Category: Articles

The Economic Crisis Continues

I was recently a guest on TVO’s “The Agenda with Steve Paikin”, discussing my views on the European debt crisis and the global economy. With the current concerns in an ever-challenging environment, I thought you might be interested in this recent interview.

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June 7, 2012

Category: Articles

Central Bank Action Not Enough

Even though several central banks took actions this week to boost growth, the likelihood is that global growth will remain sluggish for some time. The ECB, the Bank of England and the People’s Bank of China either cut rates or injected liquidity.

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June 6, 2012

Category: Articles

Briefing from Washington

As a newly appointed member of the Economic Advisory Committee of the American Bankers Association (ABA)—comprised of twelve chief economists from among the largest commercial banks in North America – I spent the past two days in Washington, D.C.

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