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 […]

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 […]