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    Economic Commentary

    Some of you probably already seen this chart from other sources, I guess it's still worthy showing. <strong>Plenty of debt left to eliminate to mean-revert</strong> To determine how much debt needs to be extinguished from the household balance sheet, we look at two scenarios. The...
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    Larry Kudlow is a moron

    <strong>Recession is over at 6pm 6/28th </strong> Larry Kudlow, about 6pm PST 6/28/2009.
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    Economic Commentary

    Total Federal Reserve balance sheet assets for the week of August 12 of $1,990 billion (an increase of $13 billion from the prior week) consisting of: Securities held outright: $1,373 billion (an increase of $107 billion MoM, resulting from $43.7 billion in new Treasury purchases, $53.8...
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