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It’s the Stupid Economy

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It’s odd how Retail Sales could have the nerve to be up when everyone knows it should be down.  How does it do that? Simple, really, higher prices where demand is not going to retreat quickly.  Gasoline.  And the stuff that uses it. The problem is that the only...

Fed Cuts Key Rate 3/4 Points

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Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control.  According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%: In a statement on its Web site, the Federal Reserve took the action in...

Asian Markets Dive…

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According to the WSJ, on fears that the US will experience a recession (perhaps due to the possibility of Ron Paul getting elected president), the major Asian indexes fell anywhere from 4-8%. Evidently Bush’s stimulus package did not impress. Let’s hope...
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