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Sideways Consumers

A brief note to comment on today’s retail sales numbers: they were disappointing, especially after the hoopla associated with the traditional burst of spending after Thanksgiving. The government’s report has retail sales growing only 0.2% in November, down from the October rate of 0.6%, and September’s 1.3%. This flattening out of spending surprised most analysts […]

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Unsound Bites #2

Wow. I didn’t think I would surface more lunacy so quickly. But I did. You all know who Elizabeth Warren is. She is the scourge of the banks, high finance, and all who are associated with the noble profession of fleecing regular folk who are either too dull, lazy, or bored to read through the […]

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American Oligarchs

I read in Salon today that Sylvia Allegretto, at UC Berkeley, has done a calculation showing that six members of the Walton clan, heirs of Sam Walton, WalMart’s founding father, have a combined wealth of $69.7 billion. They worked hard to get that inheritance. They are job creators because of all that hard work. They […]

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