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Inflation Down On Drop In Gas Prices????
Reading Time: 2 minutesUsing 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 Hope Those Aren’t Dollars!
Reading Time: 1 minuteFunny (Hat Tip The Big Picture).
Looks Like A Shmashmession
Reading Time: 1 minute“The war situation has developed not necesarily to Japan’s advantage.” – Japanese Emperor Hirohito, August 14, 1945 “The economic situation has become distinctly less favorable since the time of our July report.” – Federal Reserve Chairman, Ben Bernanke, testimony to Congress…
The Cure To The Financial Crisis?
Reading Time: 3 minutes* *In a small town on the South Coast of France, the holiday season is in full swing, but it is raining so there is not too much business taking place. Everyone is heavily in debt. Luckily, a rich Russian…
Technically, Not A Recession
Reading Time: 1 minuteI found this report interesting: Technically, Not A Recession (via The Big Picture).
The Economic Plan We Need
Reading Time: 5 minutesI 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…