Given all the bailouts and stimulus checks being written it can be no surprise that the Federal Deficit hit an all time high for November coming in at a hefty $164.4 billion. Yes you read that correctly. Federal revenues fell a modest 4% approximately while outlays soared nearly 25%. At this pace we will reach […]

For those of you who want to brace before hearing the bad news, here is the calendar at Marketwatch.com giving the releases we can expect in the next few days: MarketWatch – Economic Forecast and Calendar The key ones will be jobless claims tomorrow, and retail sales on Friday.

It looks very likely that the bailout plan being put together to save GM and Chrysler might fail. There is stiff resistance among the ranks of Republican Senators for any kind of bailout, and even those who do support helping the car makers are looking for stronger guarantees to protect taxpayer money. Another bone of […]