I know I gave you this link before, but I think this news warrants its own entry. GM reported a horrible fourth quarter loss. Here’s the New York Times link again: G.M. Loses $9.6 Billion; Wagoner Back in Washington The loss is bad enough, but the truly eye catching number is the use of cash […]

Whoops. A couple of days ago I wrote that there were the first signs of the economy reaching the bottom of its decline. The data yesterday and today seem to indicate that the decline is still in full swing. So much for optimism. New home sales are now at all time lows: an annual rate […]