Jumping June job losses

by | 02 07 2009 | Blog

Grim economic news today folks. In June the estimated number of job losses was 467,000. This number compared to economists’ estimates of 350,000 to be lost. This increase in unemployment pushed the overall unemployment rate up to 9.5% – the highest level...

Results from the other GM

by | 01 07 2009 | Blog

There is another important GM in the U.S. economy: General Mills. Today they reported results from their fiscal fourth quarter and they were excellent. Profits nearly doubled and they said that they not only were comfortable with analysts’ estimates for the...

Waffling economic data

by | 30 06 2009 | Blog

Good morning folks! Today brings a couple of economic data points worth considering. First, is that the Standard & Poors Case-Shiller home price index fell very slightly in April. This marks the third consecutive month of a very slight decline. Second, Consumer...

The tale of mad Madoff who made off with so many $

by | 29 06 2009 | Blog

By the time you read this most of you will have heard that Bernard Madoff was sentenced to the maximum allowed 150 years in prison. The sentence is far longer than that received by other corporate criminals over the last decade. I applaud the judge for the sentence. I...