First Person: I Retired My Credit Card and Switched to Debit

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Today in the press

The Government is to change the law to regulate debt management companies.

DAVID STOCKMAN: It's True, The BLS Data Is Made Up

After countless attempts to discredit or defend Friday's jobs report, we can all agree on one thing: The data is complicated. So complicated that the BLS could make the economy look better than it was and no one would be sure.

The trapped and the priced-out

NO OTHER generation grew up with such high hopes. Not alone were things going to get better, but the received wisdom was it was likely to go on forever. For the most part, the negative equity generation weren’t property speculators or wealthy landowners. They did what others did before them: they trusted the authorities.

Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper

David Stockman wrote this comment to the article by Bruce Krasting,  "Larry Summers on the Labor Force Participation Rate" . (See the  summary video here. ) Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper Courtesy of  Wall Street Examiner By David Stockman Bruce – Great job on the Summers catch , but I’m wondering if this goes much deeper. I ...