Well… My crystal ball has been right and wrong in following the ongoing soap opera that is the American Economy.
With talk of (at least partial) nationalization of BofA and Citi, I think I was misguided in my assesment of their strength. My logic was that financially strapped organizations wouldn’t be acquiring large companies who would [...]

Well… Let’s see…. Fiscal incompetence?  Yes, that’s it.  Post over…  You still reading?  I said it was over…. Oh, OK!
Is it the fault of the Governator?  Is it the fault of those evil, right-wing Republicans who want to give tax breaks to the rich?  Is it because of the idiotic, left-wing Democrats who always try [...]

I don’t think a day goes by that someone doesn’t ask me where I think the economy is going - today I think I got a half dozen.
What has changed since my “Economy” post?  A bit.  The guys that I thought were playing it smart have started to look like they’re stumbling - Citi, JPMorgan [...]

Where are we?
 
Well, here we are a couple months down the road from my last article on the subject and the big three automakers are in Washington because they’re running out of cash.  The economic community is finally in agreement that we’re in a recession and have been for about a year.  It must be [...]