August 29, 2007 at 3.59 pm
· Filed under Internet
Today this site has hit a 1/1000 ratio (!!!) of legitimate comments to spam comments filtered by Akismet. There are 11 comments overall to all my posts, and I deleted 11,169 spams so far… and this is just because I have a guestbook that bots find and spam regularly.
If you happen to be one of the very, very few
interested in commenting my posts, you now know why your comment has a high probability of being filtered if you add any url!
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August 21, 2007 at 5.26 pm
· Filed under Research
Dimitri B. Papadimitriou, Greg Hannsgen and Gennaro Zezza, ” Cracks in the Foundations of Growth. What Will the Housing Debacle Mean for the U.S. Economy?”, Levy Institute of Economics, Public Policy Briefs, n.90, August, 2007.
With economic growth having cooled to 0.7 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home market, and a large debt burden. The signals are still mixed; for example, while April’s retail sales numbers caused concern, May’s were much improved, and so was the ISM manufacturing index for June. Consumption growth indicates a slowdown. This Public Policy Brief examines the American household and its economic fortunes, concentrating on how falling home prices might hamper economic growth, generate social dislocations, and possibly lead to a full-blown financial crisis.
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