Here’s the news release from the Conference Board: Consumer Confidence Index No real news here. Consumers are taking a huge hit as businesses cut jobs and house prices continue to fall. So it cannot be a surprise to see surveys of confidence reflecting doom and gloom. The longer this continues the worse off we all […]

Today’s news is brief but pretty bad, house prices are continuing their sharp fall all across the country. Here’s the announcement of the Case-Schiller index from MarketWatch: Home prices off record 18% in past year, Case-Shiller says – MarketWatch None of this is really unexpected. The housing bubble was insanely inflated and has not yet […]

I have to admit that this comment from Krugman raises an issue I have often pondered about. First here’s his column from today’s New York Times: Op-Ed Columnist – Paul Krugman – Fifty Herbert Hoovers – NYTimes.com This is a fundamental problem for America. It is, for many issues, fifty small countries rather than one […]