Monthly Archives: August 2008

On Second Thought…

With today's release of revised GDP data for the second quarter, we now see this measure of aggregate economic growth increased 3.3 percent. Exports were much stronger than initially thought and companies apparently didn't liquidate inventories to the same extent

Who’s Next?

If  you are losing track of the number of  times the U.S. Government has offered to be the lender of last resort to a sinking enterprise recently, you will appreciate a great editorial from today's Wall Street Journal that highlights