There is nothing unexpected in the news released this morning that the economy, as measured in GDP, sank at an alarming rate in the fourth quarter last year. Here is the government press release: BEA: News Release: Gross Domestic Product I apologize on behalf of the government for that appalling presentation! Nonetheless: the news is […]

This morning’s news is really not news at all. It is all merely confirmation of what we already know: things are rotten. First here’s the press release on claims for unemployment insurance:News Release This data shows that the jobless claims are now at an historic high. Unemployment lines are growing, and after the massive layoffs […]