I suppose it should come as no surprise, but the announcement today of an 18.9% decline in housing starts is still eye catching. here’s the news: Housing starts drop 18.9% to plumb record low, U.S. data show – MarketWatch Even with this decline the housing slump is likely to continue. Home prices are still above […]

The Bureau of Labor Statistics (BLS) released the November inflation figures this morning: November saw a record fall with the CPI-U dropping 1.9% during the month largely due to the continuing rapid decline in energy prices. On top of October’s 1% fall this means that prices have been in a record decline for a while. […]

There was no good news in the retail sales figures released this morning. Here’s the Census Bureau press release ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES: Latest Release Of particular note is the astounding drop in auto sales from last year: 25.2% down. No wonder GM is feeling the squeeze. The last quarter has […]