Taxifornia Lessons
California revenue is up from a year ago. Unfortunately, California revenue is not up as much as expected, while spending is up way more than...
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How Much Larger Could the Budget Deficit Be?
This one’s really going to throw everyone for a loop. Now, I know all we can talk about these days is how to cut the...
Employment Report: More Positives than Negatives
There were positives and negatives in the November employment report, and I'd like to start with two clear positives. First, seasonal retail hiring was very...
Platinum Coin Easing
Here we go again. It looks like the debt ceiling is going to become a problem in the coming months. It’s ridiculous and I’ll tell...
Should Hewlett-Packard Break Itself Up?
As its share price has declined, the value of Hewlett-Packard (NYSE: HPQ) has sunk below the $31 billion it has spent over the past five...
Twelve Nice Setups from the Evil Lair
Participation on the equity side has but disappeared – we are talking a complete flatline since the NYSE open. The honeypot game continues and I...
P&C Insurers: Fact And Fiction
When I was half my current age, an actuary in my life insurance firm said to me, “Property-Casualty insurance is not real insurance. When they...
David Warsh on Warren Buffet’s NYT Op Ed
David Warsh, a journalistist covering economics issues, takes a look at Warren Buffet's op ed at Economic Principals. The fiscal cliff negotiation is no better...
Lawler: Single Family REO inventories down 21.7% in Q3
The following graph is from economist Tom Lawler and shows the total REO for Fannie, Freddie, FHA, Private Label (PLS) and FDIC insured institutions. This...