I made these forecasts last fall, and this week we had the release of another month of consumption data (Jan 2010) plus another month of labor data (Feb 2010).
The basic tools of supply and demand help immensely to understand and predict everyday events in our world. These days, many of those events are related to the Redistribution Recession of 2008-9. But I also look at other issues related to fiscal policy, labor economics, and industrial organization.
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