Paul Krugman, the stimulus plan naysayer from the left says the economy has bottomed out. Sure hope he’s right. It does feel like things are a little better around these parts. And productivity is up.
But if you’re craving a taste of the downside, the good folk at Calculated Risk will always oblige, although they’ve gone and posted a couple of items of good news as well. What is the world coming to?
Sohum Parlance II 
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August 11, 2009 at 8:14 am
Mr. Nice
Must point out…
Remember way long ago back in the day… like say… last August? The stock market had taken a tumble with the whole Bear Sterns thing, but the housing market was back on track and productivity was up. Unemployment was not so bad and the worst was over after the government put some inflation fuel in to secure our economy. The smart people were making big investments… big investments against the health of crude oil and financial stocks.
Things were looking good to the average debt-riddled American, then along came Jones… well, Dow Jones. When Lehman Bros. collapsed, so did the S&P and so did the DJIA.
This cycle looks no different. All the inflation stimulus has not caused our economy to be productive. Still living on debt, the American dream for most is just to stay afloat long enough to survive another day.
If you enjoy fonts in cherry red color, I’d recommend watching the markets for the next few weeks.
August 11, 2009 at 8:36 am
Eric Kirk
There we go! I was beginning to worry.