By:Spencer Subject: time for unity There are about 2 months until the election, an election that will decide the next President of the United States. The person elected will be the president of all Americans, not just the Democrats or the Republicans. To show our solidarity as Americans, let’s all get together and show each […]
Current Inflation RateYear Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave2008 4.28% 4.03% 3.98% 3.94% 4.18% 5.02% 5.60% 5.37% NA NA NA NA NA2007 2.08% 2.42% 2.78% 2.57% 2.69% 2.69% 2.36% 1.97% 2.76% 3.54% 4.31% 4.08% 2.85%2006 3.99% 3.60% 3.36% 3.55% 4.17% 4.32% 4.15% 3.82% 2.06% 1.31% 1.97% 2.54% 3.24%2005 […]
by rdan WSJ reports: Who needs markups? Customers who shop at Eli’s Manhattan, a posh grocery store in Manhattan’s tony Upper East Side, aren’t paying more for individual items — they’re just paying 1.8% more on their bill at the checkout. Grocery stores find ways to pass higher energy prices onto customers. Eli Zabar, who owns […]
Robert Waldmann A commenter over at naked capitalism notes that $110b of senior LEH debt went from trading .95 to .12 in a matter of days …. If you include the less senior debt that is trading at essentially zero, LEH had $110b hole in its balance sheet. And just days before this, the market […]
A link to the past With new polls showing his campaign dead in the water among California Republicans, Arizona Sen. John McCain has pulled out of a long-scheduled debate with Texas Gov. George Bush, set for Thursday in Los Angeles. McCain campaign officials tried desperately yesterday to put the best face on their withdrawal, even […]
by Divorced one like Bush I just have to get this out because I fear we will not learn from this experience if we do not face up to what really is being put on the line in this crisis: Our labor. I am angry. And I am making this personal. It is personal. I’m […]
by divorced one like Bush So, they want a loan…
By Spencer While Congress fiddles and postures it might be informative to look at two highly reliable leading indicators of world economic growth. The first is the Dry Ships Index of various daily bulk cargo rates. Over time this has proven to be a highly sensitive leading indicator of world economic activity. About half of […]
Robert Waldmann Many people are using the term “arsonists” as a loose metaphor for people who share the blame for the current financial crisis. They aren’t suggesting that anyone actually wanted a financial crisis. Cocking my tinfoil hat I will note that it is entirely possible that someone has been making out like a bandit […]