For those of you who want to delve into data, here is today’s press release about housing starts: Housing Starts Drop Again. We are well past noting this as news. Our national obsession with home ownership was what propelled us into this mess, so it is only natural for the construction industry to be dire […]

The one issue that seems now to be occupying the minds of the better analysts is how soon will this crisis be over and what will be the engine of recovery? To that end I highly recommend Martin Wolf’s piece in today’s Financial Times: FT.com / Columnists / Martin Wolf – Japan’s lessons for a […]

James Kwak over at The Baseline Scenario has been doing some smart thinking about the auto industry. His analysis is here: Kidnapping Chrysler! I especially endorse his views about Chrysler. Think about it: Chrysler is owned by a private equity firm, Cerebus, so the owners have access to capital whenever they can find something worth […]