The Thing About Earmarks

Ever heard the one about “a tale told by an idiot, full of sound and fury, signifying nothing?”

The congressional earmarks saga is a tale told by charlatans trying to distract you from the Really Bad Stuff.

For those who don’t follow this stuff closely, here’s a simple version of how earmarks work:

1) . . . → Read More: The Thing About Earmarks

Industrial Production Index Shows Factory Output Jumped

Manufacturing rose quite handily in October. That is according to the Industrial Production report released on Tuesday.

By major components, manufacturing increased a healthy 0.5 percent, following an upwardly revised 0.1 percent rise in September (previously a 0.2 percent dip). Excluding motor vehicles, manufacturing rose 0.5 percent, following a 0.1 percent increase the month . . . → Read More: Industrial Production Index Shows Factory Output Jumped

Economic Events on November 17, 2010

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week decrease of 5.0% in the Purchase Index and a week to week decrease of 16.5% in the Refinance Index as interest rates moved up significantly from near record lows.

At 8:30 AM EST, the Consumer . . . → Read More: Economic Events on November 17, 2010