For those of you who want to see just how bad the employment picture is getting, Paul Krugman has this chart on his blog at the New York Times: Op-Ed Columnist – Paul Krugman Blog The key points here are twofold: First, the entire last few years we were living through a poor to mediocre […]

The unemployment outlook and accumulating job losses make today’s economic news truly awful. Here is the New York Times article on the report: U.S. Loses 533,000 Jobs in November The point is that we are just gathering steam. Last month’s loss of over 500,000 jobs is appalling. It is the eleventh straight monthly loss. Not […]

Some of us might consider a trillion dollars to be handy cash. Apparently that’s the amount it’s going to take to get the economy back awake from its current comatose state. Bloomberg is reporting a growing consensus that we will have to pump at least $500 million a year into the economy to offset the […]