There is nothing much to add to this bad news: Bellwether Caterpillar among those shedding workers The key thing to remember is that unemployment tends to lag, rather than lead, the economic cycle. That is because the economy has already gone over the cliff before employers start to cut their workforces. So looking at these […]

Sales of existing homes, as opposed to newly built homes, rose last 6.5% month. The news is covered here at MarketWatch.com: Existing-home sales rise 6.5% as prices plunge The key points to note are not the increase in sales, which is predictable given the flood of distressed [i.e. foreclosed] properties on the market at give-away […]