Mish has a great find, which he has summarized: [more]
One thing about the blogs I read, they always dig into the numbers in a way that you just don't get or incredibly rarely get in the news. [more]
It is about time some accountability was put back into the financial system. What law makers were totally impotent in ability to do, it appears the courts are willing to do. It appears the judge wiping out mortgage debt because the proof of a mortgage was lacking in big news in the blogs. [more]
Mish's post with a perspective on the job market from a newly graduated PhD scientist really hit home for me. [more]
I love the way people say the obvious at times...
It isn't a jobless recovery, it is a job loss recovery...
Go recovery go!
I am still looking for fundamental sign of economic improvement yet there are so many problems and I still do not see how these problems get worked out. [more]
I have argued in the past that the financial sector does too little for the economy relative to what it sucks out of the economy. Yves has a post questioning the value of the banking industry. [more]
Paper Economy questions the own your own home policy and one of the things brought up is what is the true legitimacy and soundness of the 30 year loan? [more]
How morbidly ironic that the reduced pregnancies from an economic down turn is coming at one of the best times. It appears this swine flu is harder on pregnant woman, and simply on women overall. It is also hitting the aboriginal community harder, and I live in an aboriginal community. Certainly attendance is down as parents are keeping their children home from school more often. My first year here I had a student home a month with from a cold so it makes me very concerned. [more]
This was kind of interesting, although I disagree with the extrapolation of things that are happening exponentially.
Naked Capitalism has a post with a flashy title, "The recession is over but the depression has just begun." [more]
Earnings are leveraged up during growth phases, for example, a 5% increase in sale may result in 10, 20 or even 30% higher profilts, depending on the company. Earning decline far more then what sales decline in a down market. [more]