This little story caught me by surprise. Did anyone out there know that the Postal Service was raising stamps by 2 cents as of Monday? I hadn't heard anything about that. It didn't make the news. Apparently it is now automatic. They can raise the price yearly so long as the increase doesn't exceed the inflation rate. Crap!!!
On the other hand, this blog entry did not surprise me. I haven't bought into the notion that a minor decrease in the RATE of jobless increase is cause for wild elation. Yes, 500+k new unemployment claims is better than the 600+k of the last several months. But it is still half a million and change newly unemployed people. It is wonderful that 4+M new jobs were created but there is still a big deficit. I agree totally with Meteor Blades at Daily Kos. And, as Daddy always said, figures don't lie but liars sure can figure. All they have to do is carefully choose which numbers to use and then put the best possible spin on those numbers.
The Economic Populist has an interesting analysis of U.S. debt and China's willingness (or lack of willingness) to purchase that debt. Given that our recovery is being fueled by debt, this may have interesting repercussions and not pleasant ones.
Again, have a happy Mother's Day.