Shall we assume that it's because so many people are getting the short end of the economic stick, or are we going to argue that the nanny state is coddling too many lazy slackers? … [Read more...]
Who watched Jon Stewart v. Jim Cramer Uncensored?
I don't have time for more than a drive-by post, but I'm surprised there's been no BMG conversation on the meme du jour, the extended and uncut Daily Show throwdown with CNBC's manic money mullah, Jim … [Read more...]
The $100.00 per house neighborhood arrives – in Detroit
First, remember, Detroit tried to save itself with Casinos and slots. Did not work. last I heard, at least one of those casinos was in bankruptcy court. Next I heard, houses are going for $100-$2000.00. These are … [Read more...]
Follow up to “On Pictures and Thousands of Words”
There was some justified criticism of Nancy Pelosi's job loss graph: First, that it showed absolute losses rather than relative to the size of the job market and secondly that in only included the two most recent recessions, both of which … [Read more...]
Meditations on “job losses in recent recessions”
Sadly, I have been saying that "this is a Depression, not a Recession" since January of 2008 because of what I saw on Main Street - and wishing that I was wrong. Sadly, too, the decisions being made in 2008, did not prevent or … [Read more...]
Immigrant Oppression caused the economy to fail
The recent U.S. war on "illegal" immigrants caused the Recession. This is an aging country. Only the illegal immigrants with their young families were consuming enough housing, food, clothing, and transportation resources over the past … [Read more...]
Jump Out the Window?
In the 1990-91 recession, my late father-in-law, looking at the dismal slump in his 401(k), decided to take the classic Wall Street 1929 response and jump out of the window. "Then," he said, "I realized that I live in a one-story ranch … [Read more...]
Worst Recession Since WWII?
"Recession is here, economist declares." Both the headline and the first graph of lead story on page 1 of today's Boston Globe (motto: owned by moguls, written by interns") describe the recession identified by Martin Feldstein as "the … [Read more...]
ARE we heading into a Recession – or already entering one as Tom Finneran says?
According to Tom Finneran on WRKO we are in a recession, and it will deepen. Do you agree? If so, why? Do you disagree? If so, why do you disagree? Links and solid information if possible. … [Read more...]