Fast Facts

Don’t Panic! “Officially” It’s Just A Correction!

How many times have you heard or read this in Big Media the past few days? “Don’t panic. It’s just a correction.” Since it’s, “As seen on TV!” it must be good advice, right? “10% is an official correction,” the big media pundits tell you. Apparently, the 10% Rule was passed by Congress, signed by the President, and ratified by the…

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The US Economy Is Not Awesome And, No, It’s Not Decoupled

fredgraph

When the bubble vision stock peddlers get desperate, they talk de-coupling. So by the end of today’s bloodbath you would have thought China was on another planet, and that “commodities” were some trinket-like collectibles gathered by people who don’t wear long pants, drink coca cola or jabber on their cell phones. On these fine shores, of course, its all awesome from sea…