Demand destruction. Demand destruction. Demand destruction. That is all one seemed to hear from analysts and managers for months as food and energy prices soared. But now that we are actually seeing demand destruction, no one seems to recognize it. Yes, much of the May drop in auto sales was due to supply chain interruptions. […]

by Mike Kimel The Historical Relationship Between the Economy and the S&P 500, Part 3: The S&P 500 and the Employment to Population Ratio A few weeks ago, I had two posts looking at the relationship between the S&P 500 and real GDP (Part 1 and Part 2). The first post noted that using data […]

by Beverly Mann Ah! It’s not about regulating markets, after all! It’s about regulating the individual! ATLANTA — In perhaps the weightiest of the dozens of challenges to the Obama health care law, a panel of appellate judges grappled Wednesday with the essential quandary of the case: if the federal government can require Americans to […]

Brad DeLong, not generally a Leading Indicator in such matters, follows Mark Thoma yesterday in looking into the abyss and seeing the outline of a train around the “light”: Henceforth, I will call the current unpleasantness not “The Great Recession,” but rather “The Little Depression.” This still strikes me as optimism, but I’m stil on […]

…it seems that way, at least, when I listen to much of the rhetoric coming out of Washington. But it’s not just Washington, it’s Wall Street, too. In my line of work, finance, market participants grapple with the monthly economic data flow, eyeing each release as if it’s telling a new story about the current […]

Via the overworked Tom Bozzo, who I keep hoping will post here about Ford’s plan to triple their Electric Car output for next year, Tom Toles Explains It All to You: Oh the transgression was bad, but we the proud and truth-loving American public just cannot abide the lies! We are TRUTH-SEEKERS around here, and […]

Trying to upgrade an iMac from 10.4.11 to something in the 10.6.x range, but can’t seem to find any way to transition to 10.5.x (which is, apparently, required before 10.6.4 can be installed). Apple presents files, but no instructions. Anyone done this? Or should I just keep treating 10.4.11 as something like Windows Vista–an OS […]

by Beverly Mann The link to the ACA litigation blog article I discuss is here . ‘Markets’ and the ACA: Why the Supreme Court Will Uphold the ACA In my post last week about the activity/inactivity canard on which the challengers to the constitutionality of the ACA claim, I wrote: In his [blog] post, [high-profile […]

by Daniel Becker Continuing my prior post suggesting that what ever monetary policy has done, it has not reached that vast majority nor has it addressed what is the main issue, I viewed this chart by Mike Kimel and thought: Perfect!Then comes Ken Houghton linking to this article with it’s chart. What do they have […]