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GM Deathwatch Continues

The news from GM is either grim or encouraging depending upon your point of view regarding the efficacy of bankruptcy. If you till cling to the vision of GM’s importance and value to the overall US economy then its impending demise and re-emergence as a much diminished business will be grim indeed. If you are […]

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Housing Woes Continue

We all know the housing bubble, and the policies that enabled it, are a prime cause of the current crisis. So watching every bit of housing data has become something of an obsession. The problem with this, of course, is that month-to-month changes are notoriously inaccurate guides as to the underlying direction of any economic […]

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