For those of you who want to brace before hearing the bad news, here is the calendar at Marketwatch.com giving the releases we can expect in the next few days: MarketWatch – Economic Forecast and Calendar The key ones will be jobless claims tomorrow, and retail sales on Friday.

It looks very likely that the bailout plan being put together to save GM and Chrysler might fail. There is stiff resistance among the ranks of Republican Senators for any kind of bailout, and even those who do support helping the car makers are looking for stronger guarantees to protect taxpayer money. Another bone of […]

Just a heads up everyone: here is a short essay by Brad DeLong to get your juices going. He’s a favorite of mine: DeLong at Project Syndicate He reinforces the need for ‘old fashioned’ Keynesian policies. I hate the use of the phrase “if depression is to be avoided”. Have we really reached that point? […]