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 [...]
claude rains
Gallup Report on EmploymentMuch 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 [...] |
Claude Rains’ EconomicsThe 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 [...] |
Economic AdjustmentsI 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“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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It is Impossible for this to be a Depression
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