It was family movie night at the Curious Capitalists, and amid all the economic gloom I feel compelled to point out that a nation that can produce The School of Rock is a nation that cannot kept down for long.
Money magazine senior writer and Time.com snatch-away Stephen Gandel wrote a smart piece taking apart the Treasury Department’s sort-of-secret plan to bolster the housing market by driving down mortgage rates. Since the whole point of drumming up new buyers is to stabilize home prices, the part of the story I like most is the one [...]
I’m watching the House Financial Services Committee hearing on the auto bailout, but I’m not going to give it the extensive treatment that I gave to yesterday’s Senate hearing. The House hearings are almost never as good as the Senate ones anyway, and I’ve got other stuff to do. I will write something later about [...]
The November employment report is out, and it’s bad: The unemployment rate is up to 6.7% from 6.5%, which doesn’t sound so horrible at all. But payroll employment is down an estimated 533,000, which is much more than most economists were expecting and is, well, a lot of people. What it still isn’t is a [...]
