This sort of thing is what gives economics a bad name.
As soon as have settled down and have some time I will post a more reasoned response. Read the comments on this post...
The gulf oil spill is bad but it could become much, much worse and soon. The threat is a hurricane moving over the spill. If a hurricane’s violent winds track over the spill, we could witness a natural and economic calamity that his... Read Post
The economic data dump is here. In order of appearance, first we have jobless claims which rose from an upwardly revised (of course) 391,000 to 393,000, worse than expectations of 390,000. That is Seasonally Adjusted. Not Seasonally... Read Post
Interesting note from Deutsche Bank regarding the ECRI leading economic indicators, which have been getting worse and worse, leading many (like Rosenberg) to believe a double-dip is a done deal. Their argument? Although it's a propr... Read Post