Could July have been the bottom in auto sales? Auto sales jumped from 12.6 million in July to 13.7 million in August. Auto sales are nearly 20% below trend as compared to 30% below trend at the 1981 bottom and 16% below trend at the 1991 bottom. So, just maybe July was the bottom.
The NYT reports: WASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to place the two companies under federal control, officials and company executives briefed on the discussions […]
Steve Waldman graduated Columbia the year after Barack Obama. His brother Mike was Bill Clinton’s chief speechwriter. So when Steve Waldman declared his suspicion that John McCain would get the highest percentage of the Jewish vote of any recent Republican, with a link that indicated it could put Florida solidly in the Republican column, I […]
The employment report shows more of the same and no sign of an economic improvement. Compared to other economic cycles this is looking like an extended shallow near recession. But that may be the most bearish scenario. Every time employment has fallen below its year ago level the US has experienced a recession and both […]
by reader noni mousa, doing regular citizen reseach for us all Alice in Co-payland Now and then some tiny little headline, like this from the OrlandoBusiness Journal, catches my eye and gives me that old Alice inWonderland feeling. Have a quick look: Biz journal says: Survey: Most companies will increase health care costsOrlando Business Journal […]
http://www.extremewisdom.com/?p=1358 Any interest in putting it on the Bear? I’ll be doing a fill-in on someone else’s slot today from 3-5P CST atwww.wkrs.com. I’d love to have your readers call in. Bruno BehrendHost – Extreme Wisdom Radio ShowWeekdays 10 AM-Noon on 1220 WKRSwww.extremewisdom.comListen Live – http://1220wkrs.com/pages/93518.php
OSO tacks another tack: What’s up? Summary: Real negative interest rates rob people. The US has enduredfive periods of real negative interest rates since 1954 – two of whichhave occurred since 2002. It was the 2002-2005 period of negativeinterest rates which saw the expansion of the housing bubble. Now thatit has popped, is the current […]
Global Economic Analysis makes a case for interest rates being high based on a different definition of a mainstream definition of increase in money supply and inflation. Mish uses a ‘basket of goods’ explanation and housing. Maybe someone can pick this up. Of course, Noni’s post makes a simpler statement but clear for non-experts.
Bruno Behrend at WKRS updates us: Since we were last in contact, the campaign to get a Constitutional Convention in IL is basically consuming my life. I’ve gotten my first book out (co-written), and I’m working to get a “yes” vote to reform this horribly corrupt state. The reason I’m taking the time to tell […]
Notice the comments at the end of the video by CNN’s Campbell Brown. Palin has military command experience? McCain has reportedly cancelled Larry King Live and future CNN appearances. Anyone know anything?