Funny thing economics. One person’s bad news is another person’s good news. this morning’s housing start data is a good example. First here’s the data as reported on MarketWatch.com: Housing starts plunge to another record low – MarketWatch The market reacted very negatively to this news as if it is bad. Perhaps this morning’s dive […]

Here’s more links on my favorite topic … Should Obama Seize Citigroup? – The Opinionator Blog – NYTimes.com The terms of the debate are shifting. The system is unstable without forceful and direct action. The current shareholder and management combinations of our major banks have proven to be a disaster. Get rid of them and […]

Here’s an excellent article in today’s New York Times by David Leohardt about the comparison between our current economic mess and the infamous 1981/82 downturn: Economic Scene – The Economy Is Bad, but 1982 Was Worse I recommend it because we need to keep perspective as we throw around words to describe the current problems. […]