Submitted by Unsettling Economics
Jon Bailes and Cihan Aksan of the online publication, state of nature, conducted an online interview with me regarding my book, The Confiscation of American Prosperity, which just appeared.
http://www.stateofnature.org/michaelPerelman.html

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Submitted by The Capital Spectator
The economy managed to grow slightly in this year’s first quarter, the government reported today. GDP rose by an annualized 0.6% in this year’s first three months, matching the growth rate in Q4 2007. Given all the recession anxiety of late, that’s a victory of sorts. But this is no time […]

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Submitted by The Capital Spectator
Perhaps it signifies nothing, but the timing is suspicious.
Last December, the Treasury Department announced that it was sharply reducing the annual limit on investments in the inflation-indexed series of U.S. Savings Bonds, a.k.a., I-Bonds, to $5,000 a year as of January 1, 2008–down from $30,000 a year previously. (The $5,000/yr limit […]

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Submitted by Econbrowser
The Bureau of Economic Analysis reported today that U.S. real GDP grew at a 0.6% annual rate in the first quarter of 2008, the same tepid growth rate we saw in the fourth quarter of last year.

Recent sluggish growth rates bring our recession indicator index for the fourth quarter of 2007 up to […]

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Submitted by CARPE DIEM
The chart above (click to enlarge) shows the falling odds of a 2008 recession, based on futures trading on Intrade.com over the last 14 days. From a 70% chance of a 2008 recession on April 17, the odds have now fallen below 45%.

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Submitted by CARPE DIEM

#1 is the new 10,000,000 Zimbabwe dollar banknote (pictured above), which is currently worth less than $4. See the list here.

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Submitted by CARPE DIEM
According to today’s Bureau of Economic Analysis report, “Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 0.6% in the first quarter of 2008, according to advance estimates. In the fourth quarter, […]

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Submitted by CARPE DIEM
Our group was in Togliatti, Russia on Palm Sunday (April 20 this year according to the Russian orthodox calendar) and we visited a Russian Orthodox church and were surprised to see people carrying pussy willows instead of palm branches (which do not grow that far north).

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Submitted by A Dash of Insight
The world of financial commentary now has its own version of the Peter Principle.  There are so many outlets — financial television, podcasts, mainstream blogs, individual blogs — that the editorial process has been overwhelmed.
In the old days — that would be a couple of years ago — publication in […]

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