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 […]

This will be very quick: all the hand wringing going on within the Republican party concerning the cost of the stimulus plan is, frankly, absurd. The sudden conversion to fiscal conservatism is political grandstanding of the first order. All any half way competent commentator has to do is to look at the impact of the […]

And then , of course, just as I say the administration is probably going to play it safe until after the stress testing has finished they send out a stern warning. Here’s the New York Times story: Latest Plan Could Give U.S. a Voting Stake in Banks So the nationalization saga continues. The cloud of […]