Political Bloviation

I’ve taken to reading Calculated Risk on a regular basis, along with Marginal Revolution and Paul Krugman to round out reading on the economy. These guys have been scaring the crap out of me lately.

1. Calculated Risk: New Home Sales: Annual and Through September
2. Deflationary expectations

3. The mother of all currency crises

Either they’re all wrong or we are in that stage in the Roadrunner cartoon where the Coyote just realized it ran off the cliff. It’s just beginning to dawn on us that a long painful fall is coming. Heck of a job Bushie.

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