As soon as finished opining about the CBO report where I hinted that their unemployment outlook looked a little rosy I saw this report in MarketWatch on the ADP release today: ADP data show 693,000 private-sector jobs lost in December This is ugly stuff. Normally employers hold off firing employees until after the holidays, so […]

Having waded my way through the Congressional Budget Office forecast a few things stand out. First: the proposed stimulus plan is actually quite small when compared with the hole in the economy that is emerging. The best way to calculate the needed ‘fix’ is to look at where the economy would be were it operating […]

The latest report from the Congressional Budget Office was released today. The outlook is grim. Here’s a link to the report: CBO Outlook 2009 – 2019 The report is the usual long winded analysis, but the headline is the Federal deficit of over $1 trillion for this revenue year. And that’s without the effects of […]