Paul Kasriel Celebrates Festivus

This one is worth reading. Kasriel (Northern Trust) is a consistently enjoyable read. A little more playful than your typical economist, his recent piece is a Seinfeld-themed, economic strip search of the American Household. And the message is a serious one.

Don't let the dark prognosis ruin your New Year's good times though. While Kasriel makes some great illustrations and highlights some important forces at work, they are not measured against any of the positive forces in our economy. Its always a tug of war out there, and our path forward will follow the balance...