OK. It seems as if the objective of the so called stress tests being applied by the Treasury department to our failed banks doesn’t include a whole lot of stress. Paul Krugman both reports and laments here:Not much stress – Paul Krugman Blog So what’s the deal? Bernanke, in his testimony before Congress today, toed […]

Paul Krugman has a nice chart worth passing along. You can see it at his New York Times Blog here: Highly unlikely? The quick point to make is that house prices still appear to be at least 15% too high, and given the high levels of unsold inventory, the continued decline in prices will not […]

Amid all the gloom there are a few signs that the economy’s downward spiral may be ending and that a slow recovery later this year is in the offing. It will soon be Springtime after all, so how far away can the warmer and better days be? Take the credit markets. Three month LIBOR, one […]