Here’s a story from the New York Times that captures the historic mess we are in: Minutes Show Depth of Fed’s Concern The Federal Reserve Board is at the epicenter or our system for gathering data on the economy. And they seem to have been ‘shocked’ at the mess they found when they studied the […]

This entry from Paul Krugman’s blog is well worth reading: Stimulus arithmetic (wonkish but important) – Paul Krugman Blog – NYTimes.com I agree with the basic conclusion. As things are shaping up the stimulus plan being put together is a whole lot weaker than we need. And it appears to be that way purely to […]

As soon as finished opining about the CBO report where I hinted that their unemployment outlook looked a little rosy I saw this report in MarketWatch on the ADP release today: ADP data show 693,000 private-sector jobs lost in December This is ugly stuff. Normally employers hold off firing employees until after the holidays, so […]