Mania?
The always interesting Alan Abelson makes some less than encouraging comparisons between the present sentiment levels and those of...
Subsidizing U.S. Borrowing & Spending
Over half of all U.S. Treasury debt is now held by overseas owners. If that makes you uncomfortable, you are not alone. For most of...
Google Blog images
How cool is this? Go to Google Images, search for this blog ("site:bigpicture.typepad.com") Source:Google...
Consumer Spending, Personal Income, Credit Card...
I spend a lot of time discussing Consumer Spending; Its not because I am a shopaholic (although I do know where you can buy alot of cool...
Why Write ?
Terrific quote from Daniel Boorstin, who wrote 2 tomes that I really enjoyed — The Discoverers, and The Creators — over his...
Gulf of Mexico Rig Damage
Jeff Matthews notes that the rig damage in the Gulf of Mexico is far more extensive than many people believe: "Rowan Drilling...
2Q GDP Unchanged (someone please explain how)
I already made it clear that I have strong reservations about the revised 1st Quarter GDP (as well as other data). Today, we see 2Q GDP...
Tax Cuts Stimulate the Economy
I’m agnostic/utilitarian: I’ll use whatever tool works — but still, this cracked me up: When even the comics at Yahoo!...
NYT shines some sunlight on the worst of Wall Street
The NYT has been all over Wall Street lately: criticizing its product offerings (SPACs), mocking its hedge fund managers (too arrogant),...
Confidence at 2 Year Lows
Confirming similar readings as the University of Michigan survey, the Conference Board’s Consumer confidence index slid to a...