Month May 2011

California. The zombie state

It certainly seems that way sometimes, doesn’t it? The California legislature shambles around, bumping into things, with no apparent sense of direction. Issues that managed to get resolved quickly in other states (like Utah revising their public pension plans in…

Zero Hedge gets snarky. Headline of the Day

Time to celebrate the recovery: food stamp usage hits fresh record. The closely-watched Chicago PMI index just cratered and the Case-Shiller index shows housing is in a double dip. But don’t you worry, Uncle Ben Bernanke is still funneling as…