Monthly Archives: July 2011
Liquidity, liquidity everywhere, nor a dollar to lend
The U.S. economy is drowning in liquidity. After having written about the flood that was mostly avoided this summer, I get to use the line from Rime of the Ancient Mariner: “Water, water everywhere nor any drop to drink,” but this time my use is only figurative. I guess I could paraphrase it instead as [...]
Stating the obvious: “Students still enroll despite recession”
In today’s Houma Courier, a headline blared out to me from the news stand at a local convenience store: “Students still enroll despite recession.” You can read the article here. Just to make sure it was about enrollments at higher ed institutions, I tilted my head to adjust my focus to verify that, yes, the [...]
Economy still in a soft patch
For those hopeful of a continued recovery, I am reminded of the inscription Dante sees as he passes through the gate of Hell, “Lasciate ogne speranza, voi ch’intrate“, or “Abandon all hope, ye who enter here.” While I don’t think we are in for an eternity of recession hell, the talk of recovery seems to [...]