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    Economics / consumer confidence, consumption, deficits, jobs, Obama, recovery, unemployment, wages /

    This Stinks – A Rotten Jobs Report

    July 8, 2011

    Sorry. There is no other way to describe today’s employment report. It stinks. There is no saving grace. No excuse. No special circumstance to suggest it is an aberration. No. It just stinks. One of the reasons I didn’t comment about this week’s ADP payrolls report was that I felt it would misrepresent things. In […]

    Commentary, Economics / banking, bankruptcy, Citibank, fiscal policy, Minsky /

    Bankruptcy At The Top

    July 6, 2011

    One of the more difficult aspects of our crisis to digest is the manifest bankruptcy displayed by our various elites. Intellectual and moral bankruptcy that is, since as far as I can tell they have all done rather well financially. Exhibit 1: The politicians who are now ranting and raving about what they call the […]

    Economics /

    Chapter Twelve

    June 28, 2011

    Wow. I never realized I was a chapter twelve kind of guy. Less so a part one guy. Who knew? I have come to this realization as a result of reading Paul Krugman’s speech at a recent conference commemorating the 75th anniversary of Keynes great General Theory. In general terms: chapter twelve is where he […]

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