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Blue Crab Boulevard
Daily Archives: November 28, 2008
A Dismal Retail Season. Only $10 Billion More Than Last Year.
Seriously. CNN is reporting that the National Retail Federation is expecting only a 2.2% increase in sales over last year. A mere $470 billion. CNN also reports that stores were mobbed today. (Unfortunately, those mobs include one that trampled a … Continue reading
Posted in Economy, Media
6 Comments
The Stock Political Market
Charles Krauthammer points out what should be rather obvious by now: the stock market no longer functions as a stock market. Rather, it functions as a political market. The markets rise and fall now exclusively on political news, not market … Continue reading
