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AT&T Profits Mean We Must Be In A Recession

AT&T this morning reports an increase in quarterly profit.  From the Reuters story: AT&T’s first-quarter profit rose to $3.46 billion, or 57 cents per share, from $2.85 billion, or 45 cents a share in the same quarter a year earlier. The positive report...

It’s the Stupid Economy

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...

Asian Markets Dive…

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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