EDITED TO CLARIFY APPARENT CONFUSION: The evil* Aaron Shiff of 26econ.com [edited to clarify that he is not—to my knowledge, at least—the Aaron in Coventry] discovered Google Web History. Being a natural follower, I checked my own breakdown. It appears I do a lot of Google searching during the two hours the children are Not […]

By Spencer Yesterday Warren Buffett wrote about stocks now being a bargain. It lead me to look at a measure of valuation I have not calculated recently, the S&P 500 PE on trend EPS. We all know there are problems with the various measures of earnings used to calculate valuations and none of them are […]

by cactus Why is Obama being treated so well by the right wing? No, seriously. I mean it. Remember when Clinton was President and the right treated us to all sorts of stories about black helicopters, foreign military bases on US soil, and how Clinton was gonna turn us all over to the UN or […]

Via Kathryn (who previously pointed us to a similar exercise for the U.S. election), Theo Gray expands on the work of Tommy McCall (as published in the NYT under the title “Bulls, Bears, Donkeys, and Elephants,” which was glibly dismissed by Greg Mankiw*). While his conclusion will be heartening to Brad DeLong: And one more […]

By Spencer Industrial production fell 2.8%in September. But about 2 and a quarter percentage points of that was due to hurricanes. If you back the hurricane impact out, September output would be about where the X is on the chart. This implies that manufacturing output is continuing to demonstrate roughly the same type of declines […]

Avedon Carol in The Sideshow guides us to this item: America’s Largest RN Organization Says: If We Can Nationalize Banks, Why Not Healthcare? […]” Consider that on the same day our government moved to take over collapsing banks, the U.S. Census Bureau released data that 16 percent of Americans under 65 are uninsured, and in […]

Lifted from comments from Tax cuts for rich….Movie Guy says: I’ll skip the usual political commentary and comparison of supposed high office politician “plans” and focus on what is really happening based on my understanding. The events of the past thirty days or so have resulted in significant withdrawals from the stock market including massive […]

A picture is worth 1,000 words. Any claims that George W. Bush is, or even was, a “small-government” conservative will be deleted with cause. Cause:

Steve Benen at The Washington Monthly points to a WSJ article that cautions us: THE ULTIMATE BUSH LEGACY FOR BIG BUSINESS…. Bush’s presidency may be winding down, but he’s not quite done with his conservative domestic agenda. Bush administration officials, in their last weeks in office, are pushing to rewrite a wide array of federal […]