5.16.2008

The return of Jimmy Carter

US early May Reuters/Michigan consumer sentiment falls to 59.5 vs 62.5 expected





That's the worst since the tail end of the Carter era. Now all we need are Reagan and Volcker to get us out of it.

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Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.