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    Economics, Politics /

    Update on Citibank

    November 24, 2008

    I am providing you all a link to this New York Times article:U.S. Approves Plan to Help Citigroup Cope With Losses – NYTimes.com for two reasons. First: it has an excellent embedded graphic showing the long list of bailout money that has so far been spent. Second: it has a terrific photograph of George Bush […]

    Economics, Politics /

    Home Prices

    November 24, 2008

    Here’s today’s figures on home prices via the New York Times:Home Prices Plunge in October The long term decline in house prices can be expected to continue. Do not believe the analysts. They are the ones who completely missed the dangers of the housing bubble and its impact on society. Home prices as a ratio […]

    Economics /

    Deflation Anyone?

    November 20, 2008

    Allow me to rant: Floyd Norris has a regular column over at the New York Times. I often disagree with his analysis, based as it is on old school neo-classical mechanics and common or garden market dogma. So with that as a warning here’s a link to his blog today:A Bull Vanishes – Floyd Norris […]

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