Just a quick note. Here is a government table showing the change in unemployment from November 2007 to November 2008: Over-the-Year Change in Unemployment Rates for States The really interesting point to note is that some states that were not part of the real estate bubble are among the losers as well as the more […]

It is a sad commentary on how bad things have become when even the most pessimistic forecasts are found to be too upbeat. That’s the situation with the latest unemployment statistic. The jump in jobless claims was the worst since late 1982 at the bottom of what was then the worst recession since the Depression […]

As we head to the last weekend before the holidays let’s recap a couple of stories: First, as expected, the White House stepped in and lent money to GM and Chrysler. The amount seems small to me. $17.5 billion is chump change to companies who are bleeding red ink the way those two are. So […]