Category

Current Affairs

Less than Zero

I wrote a post a month ago about the US personal savings rate falling to zero in June – its 2nd lowest level since the great Depression.  It’s worth reading the comments to that post, which pointed out the following: 1) people are stupid; 2) don’t get too hot and bothered about just one data…

Zero. Zip. Nada.

The US personal savings rate fell to zero in June – its lowest level since the latest spending binge started (post 9/11) and the 2nd lowest since the Great Depression. You can read the full government report here (be sure to check out some of the tables – very interesting information).  Yes, the economy grew…

How cool is your ride?

Even though I’m getting older I still like to think of myself as at least a little bit cool (although I’m sure there are many people who would set me straight on that one).  As a result I was a bit dismayed this weekend to read an amusing article in the Times that clued me…