The Abysmal Track Records of Moody’s, Fitch and S&P
> “How could the credit-rating agencies be so wrong consistently? [They were] wrong on Mexico, wrong on Asia, wrong on Enron, wrong...
How Sick the Dollar?
Be sure to check out the WSJ article (Doctor the Dollar? Depends How Sick) on page C1 this morning: "The dollar has fallen 9.5%...
Headline of the Day: Electricity Deregulation
File this one under DUH! Competitively Priced Electricity Costs More, Studies ShowRetail electricity prices have risen much more in...
Now we know Argentina is REALLY in trouble
Headline of the day: Fernández, to copy US inflation data methods Cristina Fernández, Argentine president-elect, has vowed to restore...
2/3rds Americans Say Recession is Likely
This morning, we are going to review an extremely negative public survey on the economy by Bloomberg/Los Angeles Times: Almost two-thirds...
Crude Oil above $92
Oil briefly broke over $92 this morning. In real terms, Crude remains below its all-time inflation-adjusted high of $101.70 from April...
Blog Watch: The State Department
That’s right, the State Department is now blogging: Dipnote (http://blogs.state.gov/) By my calculations, this means there are now...
Can Housing Be “Rescued?”
First, a quick data check of Existing Home Sales: • Unit sales dropped 8% in September; this is the lowest level in eight years; •...
Mortgage Resets? Try Chapter 13 Bankruptcy!
Fascinating front page WSJ article today, titled More Debtors Use Bankruptcy To Keep Homes. It seems that Chapter 13 filings are gaining...
No Free Lunch: Ongoing Ramifications of an Easy Fed
I had lunch with Richard Clarida a few years ago after meeting him at CNBC. He is a very nice guy, a Columbia economics professor, a...