For an entertaining and very informative look at the economy, we recommend The New Australian School of Economics (Wonkish) for some Friday night reading. Outside The (Cardboard) Box interviews curbside economist J. Fishman on the New Australian School of economic theory.

A rise of more than one third from a year before is just the beginning. With millions continuing to lose jobs, the dollar losing purchasing power and food costs rising, do not be surprised to see this number continue to rise significantly over the next decade.

I know, we’re only supposed to talk about green shoots and recovery, but I can’t help but wonder why Mortgage delinquencies hit another record in 3Q.

Meredith Whitney, who became well known in the mainstream after she blew the doors open on bank weakness in 2007, says she hasn’t been this bearish in over a year.

We all know the bull case for China: The world’s most populous nation is going from third world to first world overnight, the burgeoning middle and upper class are buying, building and spending like there’s no tomorrow to make up for decades of communist deprivation.

If the economy is recovering and prosperity is returning, do we still require stimulus programs like zero interest rates from the Fed, $8000 home-buyer tax credits, FHA zero-down loan underwriting, and 30% interest rates on major credit cards?

Senator Jim Demint (R-SC) says he’ll be introducing a new Constitutional amendment that aims to impose term limits on US senators and representatives.