From Bloomberg: U.K. Economy Unexpectedly Shrinks in Longest Slump GDP fell 0.4 percent from the previous three months, the Office for National Statistics said today in London. ... The economy has now shrunk over six quarters, the most since records began in 1955. ... “The fact that the econom ... Read more

Fed Chairman Ben Bernanke has been out in his last three or four speeches now trying to address the “too big to fail” issue.  What is interesting is that he is now ringing the tune that (as possible systematic risk regulator) he doesn’t want this to be the case in the future ... Read ... Read more

The DOL reports on weekly unemployment insurance claims : In the week ending Jan. 31, the advance figure for seasonally adjusted initial claims was 626,000, an increase of 35,000 from the previous week's revised figure of 591,000. The 4-week moving average was 582,250, an increase of 39,000 from ... Read more

With apologies to chicken little, it is bad out there: over half a million jobs lost in one month and almost 2 million so far this year , stock markets down, people fearing for their jobs, and the governments bail outs seemingly being every day events. Not surprising this bad news is forcing ... Read more

I have uploaded a PDF file of the MZM and M2 money supply graphs hot off the presses to the main website, courtesy of the St. Louis Fed. I don't bother with the hockey stick known as 'Monetary Base' that you see everywhere out there in support of hyperinflation theories because that stick has been ... Read more

I rarely blog about politics here, but it is very difficult to get the full truth (from either party) during a presidential campaign. Since I started this blog in 2004 I have commented once each election cycle on a certain lie that always makes the rounds before we head to the polls. Most of you hav ... Read more

I swear, Yahoo is going to do to internet news what CNN did to cable in the 1990's. It seems like that's where all the good reporting is these days. Then again it's all coming from Associated Press now anyway.  Today, Yahoo featured an article  that highlighted the budget expl ... Read more

When are the newspapers going to figure it out, the financial news isn't the gain or loss of stocks in a day. The financial news is the overall investor sentiment. We have had an undeniably volatile few weeks in the stock market, the Dow Jones has slipped below 9000 points and the government ... Read more