Dan Dorfman: Too Much Economic Hot Air?
Sun, 12 Apr 2009 16:47:19 -0700
Go figure it. Everything I hear and read about the economy -- from the wails of sharply eroding wealth to the agony of mounting job losses -- tells me it's lodged deeply in the doghouse. What's more, the most telling evidence -- be it the ongoing housing slump, the spreading credit crisis, the slowing tempo of business virtually everywhere, weak industrial production, the surging number of troubled banks (252) and sharply toned-down consumer spending -- suggests the economy is not about to get m
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Frank Rich: Awake and Sing
Sun, 12 Apr 2009 14:30:41 -0700
Frank Rich, The New York Times, April 12, 2009 “I am pronouncing the depression over!” declared CNBC’s irrepressible Jim Cramer on April 2. The next day the unemployment rate, already at the highest level in 25 years, jumped yet again, but Cramer wasn’t thinking about the 663,000 jobs that disappeared in March. He was thinking about the market. Mad money. Fast money. Big money. The Dow, after all, has rallied in the weeks since Timothy Geithner announced his bank bailout 2.0. Par-tay! On Wedn
Sunday, April 12, 2009
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