Technically, Not A Recession
I found this report interesting: Technically, Not A Recession (via The Big Picture).
I found this report interesting: Technically, Not A Recession (via The Big Picture).
McDonald’s Corp. held a press conference today to unveil its latest sandwich: the Big Freddie Mac. Priced at 50 cents, the Big Freddie Mac is the first fast food hamburger to be subsidized by the federal government. “The economy –…
(Via Crossing Wall Street) Also see: “The Mouth Is Out At CNBC”, Top Gun FP, March 30, 2009
Scene: Meeting between an unnamed money market manager and The MLEC (”The Entity”). Treasury Secretary Paulson is present. MLEC: Would you like to buy some of our asset backed commerical paper? Manager: Yes. But we’re fully invested right now. Maybe…
This is really funny: The Last Laugh – Subprime. (Via The Kirk Report)
Using an overly aggressive seasonal adjustment factor, the statistical magicians turned an actual 6.5% surge in gasoline prices into a small decline. I wonder if they can read the minds of very skeptical American motorists who are not fooled by…
I wrote this in response to a friend who said he agreed with Goldman Sachs that austerity is the biggest threat to the economy. After all, look at Britain (see, for example, “Why Budget Cuts Don’t Bring Prosperity”, David Leonhardt, The New…