Click the pic to learn why this is not good news at all - for either Japan or the US. Although it’s much worse for Japan - we still have a chance to dodge disaster, but not if Obama and the Dems stay in power for seven more years.

posted by Bill Quick to Economy, Inflation, Deflation | 12 comments, no incoming links

The Volokh Conspiracy » Blog Archive » My Response to David Brooks, Taken from an Old Article on Lawyers, Elites, and the New Class
In which David Brooks makes a bigger ass of himself than usual (if you can imagine such a thing), and Kenneth Anderson politely rips him a new one, using a thirteen year old […]

posted by Bill Quick to Deflation | No comments, no incoming links

Flattening Yield Curve Points to Double-Dip Recession - Planet Yelnick
Second, we are facing deflation not inflation. Yves’ wave count for bonds (see prior post) suggests a pretty serious drop in the long bond yield, which rather than indicating a flight to quality like last year indicates deflationary expectations.
I’ve been warning about inflation for years, starting […]

posted by Bill Quick to Inflation, Deflation | 4 comments, no incoming links

The Detroit News Online
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.
Sorry, but this is not an economy that is going to fuel a huge surge into national wealth, nor is […]

posted by Bill Quick to Economy, DemCong, Obama, Democrats, Assholes, Deflation, Obama Agenda | 3 comments, no incoming links

Poll of change: Obama’s job approval slipping to ‘50-50’ - BostonHerald.com
Pollster John Zogby said his poll out today will show Americans split on the president’s performance. He said the score factors out to “about 50-50.”
Some polls show Obama coasting with a 65 percent job approval, but not in Zogby’s tally.
“The numbers are going down,” Zogby […]

posted by Bill Quick to Obama, Deflation | No comments, no incoming links

Can the Feds Uncrunch Credit? by Nicole Gelinas, City Journal Winter 2009
This is an excellent primer on understanding the so-called credit crunch, its cause and currently proposed cures.
I plowed though it, and one thing kept bubbling up: The general pessimism of the author as to whether, over the medium-to-long term, this massive increase in state […]

posted by Bill Quick to Economy, Recession, Finance, Nanny State, Bailouts, Deflation | No comments, no incoming links

The morning blow-dries on the local Fox news-toob are expressing great alarm over today’s “inflation report,” which reveals the disaster that prices experienced “the biggest drop in 54 years.”
Lower prices. What a disaster.

posted by Bill Quick to Economy, Recession, Inflation, Deflation | No comments, no incoming links