tom kern

What's a Fed to Do?

The numbers will change according to daily activities in the market. With spending on the rise, the psychology is that spenders will provide relief to the squeaky wheels . The % 5.1 unemployment number indicates this has and may continue to increase spending at the expense of creditors who are already reaching there limits. The question is more or less. At this point it is probably just a little less than before.

On the Eve of Recession, Some Historical Perspective

This article sounds like some old recording being played out over & over again. The real core indexes should reveal some of the realities going on in the markets and the underlying panics we are now experiencing. Are they real or just recordings of a nightmare? Production capacities are usually more than enough to provide for a tidal receding,especially for the U.S. economy. My prediction is for more receding tides. Well written Johannes.a little long,but worth reading !