Monthly Archives: October 2011

Bringing About Our Own Special Misery

Consumer confidence laid a rotten egg in October.  The Conference Board’s index of consumer sentiment was reported Wednesday at 39.8…its lowest reading since March of 2009.  To put this in perspective, during a robust economy, consumer confidence readings are at … Continue reading

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The Euro is Done

The November issue of National Geographic tells of the recent discovery of the Staffordshire Hoard – a treasure of gold, silver, and garnet military objects from the early Anglo-Saxon era that had been buried in the English countryside for 1300 … Continue reading

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The Wrath of Inflation

The U.S. Bureau of Labor Statistics reported on Wednesday that inflation, as measured by the Consumer Price Index, increased 0.3 percent in September.  Increases in energy and food prices were the main contributors to the rise.  On an annualized basis, … Continue reading

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Life After the Day of Reckoning

The 2011 fiscal year ended on September 30th and the beans of U.S. Government revenue and spending have been counted up.  Total revenue for the year was $2.3 trillion.  Total spending for the year was $3.6 trillion.  The difference – … Continue reading

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