The stimulus bill price tag? Chump change
Robert Reich, Sec. of Labor under Clinton, says the price of the next round of bank bailouts will make the price of stimulus bill look small by comparison.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Category recession
Bank failures way up
Sign of the Times – Gold for sale in New Orleans, From Mish In 2007, there were 3 bank failures in the US. In 2008, 24 banks failed, or an average of 2 per month. In 2009, so far, there…
Wall Street disconnect
The jobless rate was announced today. It has climbed to a 16-year high of 7.6%. Bizarrely, the stock market rallied on the news, and is currently up almost 3%, apparently on the mistaken and deluded belief that this means the…
High-end Los Angeles real estate finally crashes
Prices were down 20-30% in 4th quarter 2008 for high end Los Angeles homes. The same thing happened here in San Francisco. People thought high end property was safe. It wasn’t, it just took longer to start to fall, that’s…
Riot? If I were 20 years younger I would take to the streets
Rolling Stones – Street Fighting Man – 1973 live That’s what Henry Porter says in The Observer, citing the cratering British economy and plundering by the few of the many. The riots in Paris and the demonstrations against foreign work…