Driving Off a Cliff?
Donald Trump’s tariffs will make the U.S. auto industry less competitive and leave the industry out of step with the auto market's shift to EVs.
D&S BLOG
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Interpreting Friday's Craziness
Some snippets from today's Financial Times lead piece. All are horrific. Looming recession batters stocks By Michael Mackenzie
Capitalism with American Characteristics
Creeping socialism continues. Of the costs, anyway....From today's Financial Times: Treasury urged to aid car and insurance
It Wasn't Just an Overreaction
Stock markets got hammered today, but it was nowhere near as bad as some (including me) had feared it might
AIG Keeps Sinking
AIG executives, back from their spa retreat and British hunting trips, are busily back at work throwing tax dollars into
Dean Baker: Why Economists Get It Wrong
Another insightful commentary from the inestimable Dean Baker: Unlike custodians, cab drivers, or dishwashers, economists are not held accountable for
Chrysler Slashes Workforce
Chrysler announced that it will cut 25% of its white-collar workforce of 17,300 by the end of the year
A Chronology of Today's Events
US shares seem to be settling down at with losses at a level below five percent. But today has still
What To Expect Today?
From Nouriel Roubini ...I was accused yesterday of being alarmist arguing that policy makers may have to shut down financial
Black Friday?
Now we've got a particularly toxic mix of recession fear and possible reversal in interbank lending. This spells
Notes on the Financial Crisis (Tom Weisskopf)
We've posted threeweb-onlyarticles drawing on notes on the financial crisis by Tom Weisskopf, professor of economics at the
Automakers Ditch Jobs, 401Ks, and NASCAR
A quick gloom and doom update on the US auto industry today. Chrysler announced that it was cutting 1,825
On the More Serious (Only Just) Side
Interesting article from the International Herald Tribune on Paulson's kicking-and-screaming acceptance of his "inner statist." The