FedEx is reducing the pay of its salaried employees 5% effective January 1. Do I hear the D-word (deflation)?
Dean Baker wonders why news articles about the auto industry mention employee pay, but similar articles about the newspaper industry don’t.
Calculated Risk has an update graph of the Four Bad Bears. (Be sure to click on the chart to get the readable version.) Doesn’t look to me like the game is over yet. Am I waiting too long to get back in equities?