claude rains

S&P Downgrades US

S&P Downgrades US

In the words and spirit of Claude Rains, “I am shocked, shocked!” How could anyone have ever seen this coming? From Reuters and CNBC: Standard & Poor’s on Monday downgraded [...]

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Gallup Report on Employment

Gallup Report on Employment

Much like Claude Rains, I am “shocked, shocked” that anyone would suggest that the government manipulates data to its advantage. Zerohedge is not shocked. They have an interesting post on [...]

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Claude Rains' Economics

Claude Rains’ Economics

The only function of economic forecasting is to make astrology look respectable. John Kenneth Galbraith Claude Rains was “shocked, shocked!” when he learned that there was gambling at Rick’s in [...]

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Economic Adjustments

Economic Adjustments

I am shocked, shocked! Just as Claude Rains was in Casablanca. That is my reaction to Mish’s post regarding revisions in government numbers: The BEA has finally admitted something anyone [...]

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The Claude Rains Recovery

The Claude Rains Recovery

“No Recovery?” In the best Claude Rains fashion, “I am shocked, shocked!” There is no economic recovery, and there will be no economic recovery this year and probably not next. [...]

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