From Richmond Fed President Jeffrey Lacker The Economic Outlook : Earlier this year some economists were highlighting the risk that the low level of economic activity could push the rate of inflation down, perhaps even below zero. I think the risk of a substantial further reduction in inflation h ... Read more

From the Fed: Industrial production and Capacity Utilization Industrial production increased 0.1 percent in October ... Manufacturing production moved down 0.1 percent and the output of mines decreased 0.2 percent, but the index for utilities rose 1.6 percent. At 98.6 percent of its 2002 average ... Read more

TransUnion reports that the 60 day mortgage delinquency rate increased to a record 6.25% in Q3, from 5.81% in Q2. From TransUnion: Mortgage Loan Delinquency Rates on Course to Hit Record in 2009 Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the 11th st ... Read more

Breaking out of their short-term trading ranges that began last week, the major indices leapt to an impressive round of gains yesterday. This time, higher volume even accompanied the move. Stocks opened with substantial gains, trended sideways to higher throughout most of the day, then retraced a ... Read more

They are tired, yes. Pissed off too. The government has this rigged and set on autopilot. Goldman Sachs runs everything out of the penthouse office. Money printing as far out as the eye can see. We don't have free markets and this is the run up to the new, fascist world order with Rockefeller a ... Read more

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Some late night entertainment from Merle Hazard (other hits include Inflation or Deflation? , Mark to Market and H-E-D-G-E ) Note: Merle will be performing live at the annual convention of the American Economic Association , Sunday, January 3, 2010, 8 p.m. in Atlanta. ... Read the full post ... Read more