>"All models are wrong; some are useful."–George P. Box > I enjoy intelligent criticism. It forces you to tighten...
Read More
Government leaders and oil producers will meet in Saudi Arabia over the weekend to discuss record crude prices. Saudi Arabia, the...
Read More
Interesting piece by Jim Grant, from his usually subscription only Grant’s Interest Rate Observer: "Nowadays, the consensus of...
Read More
Earlier today, we looked at the decrease in miles driven in the US (Chart of the Day: US Miles Driven). Let’s put that into some...
Read More
Huzzah! The Big Picture is nominated for a 2008 Inman Innovator Awards finalists in the category of Blog. As they say, it is an honor...
Read More
$4.05+ average national gas costs and $140 barrel oil is having its effect: Demand destruction brought about by high prices has lead to...
Read More
Here is today’s intriguing article from late yesterday: Bloomberg’s Jonathan Weil explains why the Fed does not follow GAAP....
Read More
That’s the question asked by the Washington Post: "Soft? You betcha. In recession? Quite possibly. And a crisis in the...
Read More
With high gasoline prices and a slowing economy, Americans are looking for transportation alternatives for getting to and from...
Read More