Latest Comments

• 'Clunkers' binge may leave a serious hangover

  Mon Aug 24, 2009
  • We the taxpayers subsidized our greedy neighbor and the Japanese carmakers. For what? Now that it is over, the auto industry will face a bigger slump next year, at a time when the economy hits the great depression.

• Durability of global recovery in doubt

  Sat Aug 22, 2009
  • "This is going to be the mother of all jobless recoveries" That is the best definition of a Great Depression.

• The signs don't point to a typical recovery

  Mon Aug 17, 2009
  • Who are these so called economists. They are a disgrace to an already disgraced profession. Too bad, we shipped the wrong jobs to China.

• Anticipating recovery, Fed likely to hold rates

  Sun Aug 9, 2009
  • Sharky, I gather you have not shopped recently. Today, I can hardly find a product that says “made in usa” today. Even IBM and Microsoft have outsourced significant programming abroad. Most of the goods sold at home today are manufactured abroad.

• Anticipating recovery, Fed likely to hold rates

  Sun Aug 9, 2009
  • Sharky, I gather you have not shopped lately. Today, I can hardly find a product that says “made in usa” . Even IBM and Microsoft have outsourced significant programming abroad. Most of the goods sold at home today are manufactured abroad.

• Anticipating recovery, Fed likely to hold rates

  Sun Aug 9, 2009
  • There is nothing either the Fed or anybody can do to save us from the coming depression. Until we produce the goods that we consume, we will keep losing jobs.

• Fewer layoffs expected as recession winds down

  Fri Aug 7, 2009
  • “A net total of 247,000 jobs were lost last month, the fewest in a year. That compares with 443,000 jobs that disappeared in June. And the unemployment rate for July declined to 9.4 percent from 9.5 percent in June.”

• U.S. mulls remaking mortgage giants

  Thu Aug 6, 2009
  • "The bad debts the firms own would be placed in new government-backed financial institutions -- so-called bad banks -- that would take responsibility for collecting as much of the outstanding balance as possible.

• Weekly jobless claims drop more than expected

  Thu Aug 6, 2009
  • Economists expect the weekly jobless claims will drop substantially when unemployment reaches 20%.

• Worried public changes Obama deficit message

  Thu Jul 23, 2009
  • Typical MSNBC statement: “…many economists see fledgling signs of an economic recovery and expect the recession to end late this year. But economists also know that, historically, job losses nearly always continue long after a recession has officially ended.”