The collapse of retail sales continued into December. The size of the decline surprised most analysts who had been expecting the slide to extend to the end of the year, but had not anticipated quite the drop we saw. Here’s the press release from the government: ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES: The […]

OK here’s an interesting article brought to my attention today: Time For Tax Hikes | CommonDreams.org Interesting thesis, and certainly controversial at the moment when we are all running around in a frenzy of Keynesian deficit spending. Here’s my take: I am not sure that higher taxes automatically means higher growth. The old adage ‘correlation […]

Here’s a link to Paul Krugman’s blog at the New York Times: Op-Ed Columnist – Paul Krugman Blog He asks a very valid question: why was George Bush’s record on employment so bad? When you look at the month to month job generation that took place over the past eight years you are struck by […]