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June 2011 – Michael J. Parks
Jun 222011

China has become enormously important to the Pacific Northwest economy. Marple’s Letter reports that China was the primary driver behind a 41% jump in Douglas Fir log exports from the Pacific Northwest last year. It is great news for timber owners — log prices are sharply higher — but bad [continue reading . . . ]

Jun 222011

Oregon would have to increase taxes on each household by more than $2,000 each year for several years to fully fund the pension obligations of its public employees (those working for states, counties, cities, school districts, etc). By this measure, only in New Jersey and New York are the burdens [continue reading . . . ]

42 737s a month!

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Jun 162011
42 737s a month!

The U.S. economy may be growing so slowly it is hard to find a pulse, but things are different in the rest of the world. The global economy continues to grow, and at a decent pace. Once people get their basic needs for food, clothing and shelter covered, they want [continue reading . . . ]

Jun 092011

I posted the following April 25 2011 Will the bond market tank when the Fed stops buying Treasury paper in a few weeks? As reported in today’s Wall Street Journal, two of the biggest players in the fixed-income market are at polar opposites. They both can’t be right. As I [continue reading . . . ]

Jun 062011

I drove to Portland from Seattle starting at mid-day Friday and so saw first hand the mess that is northbound I-5 in the Rose City at afternoon rush. Bumper-to-bumper traffic crawled between Portland’s Rose Quarter, across the Willamette River from downtown, and the Columbia River bridge (aka the Interstate Bridge) [continue reading . . . ]

Jun 022011
Are we there yet?

It has been nearly four years since the collapse of two Bear Stearns hedge funds (June 2007) signaled the start of the global financial crisis, not quite three since the failure of Lehman Brothers Holdings (Sept. 14, 2008) sent banks into a panic and pushed the tottering global economy off [continue reading . . . ]

Jun 012011

On KUOW’s Weekday talk program today, Steve Scher, the host, asked if I had any ideas about the “Lesser Depression” I was talking about. I think I have a decent radio voice, but I’m slow on my feet, not nimble. I stalled for time, then mumbled something about Paul Ryan’s [continue reading . . . ]