An unemployment rate above 8% is no longer news – it’s been above 8% for 41 months, which is the longest streak since the Great Depression. However, during the Clinton…
What Recovery?
Maybe we should be used to high unemployment … but now the bad news on jobs is coupled with queasiness about corporate earnings. The latest earnings season began with the…
Finally – U.S. Drags Down European Market … Japan Falls, Too
We’ve been writing about Europe dragging down the U.S. stock market for more than a year now. We, of course, take no satisfaction in it, but it’s kind of a…