Hard hitting global and local news
Continued here: Economists in Fantasyland: Economists See 20% Chance of Recession That’s at Least 20% Likely Already Here
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Today we learn Bank of Japan Adopts Negative Interest Rates .
How Healthy Is the Labor Market, Really? What’s the "official" unemployment rate vs. economic reality
Conference Board Consumer Survey The consumer conference board does a paper survey every month on consumer confidence. The board’s technical notes say (emphasis mine) "The targeted responding sample size – approximately 3,000 completed questionnaires – has remained essentially unchanged throughout the history of the CCI." I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires
More: Debunking the Myth "Consumer Spending is 67% of GDP"
More: East Coast Blizzard – Some Love It: Legal Sledding on Capitol Hill First Time in 140 Years; Panda "Tian…
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See the article here: Former Hasbro CEO Says "Providence Should Consider Bankruptcy"; An Option Chicago Needs