I don’t exactly know where this comment was made, but it seems right on to me: Krugman: US Auto Industry Will Probably Disappear The essence of this issue is that the American auto industry is in bad shape not because of the current economic slump, but because it is horribly uncompetitive. It makes awful products […]

For those of you who want to see just how bad the employment picture is getting, Paul Krugman has this chart on his blog at the New York Times: Op-Ed Columnist – Paul Krugman Blog The key points here are twofold: First, the entire last few years we were living through a poor to mediocre […]

The unemployment outlook and accumulating job losses make today’s economic news truly awful. Here is the New York Times article on the report: U.S. Loses 533,000 Jobs in November The point is that we are just gathering steam. Last month’s loss of over 500,000 jobs is appalling. It is the eleventh straight monthly loss. Not […]