by Art Smith
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...
by Art Smith
The US Senate passed a stimulus package a short while ago. From the Wall Street Journal: The Senate passed an economic rescue plan that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the...
by Art Smith
I’m impressed with Mitt’s decision. According to Fox News, he said: “If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator (Hillary) Clinton or (Barack)...
by Art Smith
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...