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    Economics /

    GM Again

    November 17, 2008

    Here is the text of an e-mail I sent this morning the TPM’s editor Josh Marshall. He is having genuine trouble with the notion of a GM bankruptcy. Josh: We have to let GM go! The entire company: management, unions, and shareholders have become so horribly out of step with the market for cars that […]

    Economics /

    The Numbers Tank

    November 14, 2008

    For the macabre amongst you here are today’s economic statistics:A Record Decline in October’s Retail Sales Not to put too fine a point on it: this sucks. I have to love the idiot comment part way down this article. An analyst, whom I will not name, says that we don’t seem to have ‘found the […]

    Commentary /

    What to do Next?

    November 14, 2008

    The economic news is now a stream of bad, followed by worse, then followed by terrible happenings. There have been precious few, if any, bright signs, and I doubt that we’ll get anything positive until well into the first quarter of 2009. The employment outlook is getting worse by the day. Retail sales are collapsing: […]

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