On the Interpretation of % Changes, January 15, 2010
Reporting on a current indicator in terms of % change from prior year (12 months ago, 4 quarters, or whatever the frequency) is generally a bad idea, often deeply misleading.

FOMC December 16th Policy Statement: Read all about it!
December 21, 2009
The statement is fairly optimistic, particularly in relation to the labor market

Inflation, deflation, double-dip? November 25, 2009
The only agreement among the talking heads of the financial media is that the outlook is deeply uncertain. There’s talk of inflation, but also of double-dip recession and deflation. So what should we be worrying about the most?

Global Economic Outlook, Spring 2010
A global economic recovery is taking hold. Monetary and fiscal stimulus measures in all major countries have kicked off positive growth at varying speeds, aided by a turnaround in the inventory cycle.

Canadian Economic Outlook, Winter 2009-2010
Canada joined the U.S. with positive real growth in the third quarter of 2009, though the 0.4% rate looks tiny beside a 2.2% surge in the U.S.

U.S. Economic Outlook, Winter 2009-2010
The U.S. economy turned up in the third quarter with growth reported at a healthy 2.8% pace even after downward revisions.