Quote of the day: Stagflation & the 1970s

Is it kosher to make myself the quote of the day?

"I find it funny that people who didn’t think there was any inflation
in the pipeline are now talking about stagflation," said Barry
Ritholtz, CEO and director of equity research for Fusion IQ. "This is
nothing like the 1970′s, which was a pretty dismal period, and not just
because of polyester and disco."


Even my detractors will have to admit that’s a funny line . . .


Watch inflation now!
Chris Isidore,
CNNMoney.com February 21 2008: 2:19 PM EST

Category: Economy, Financial Press, Inflation

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Economicindicators.gov to Stay Open



The WSJ is reporting that Economicindicators.gov will remain open.  To all of you who contacted Senator Schumer’s office: Nicely Done!

From the site:

The U.S. Department of Commerce’s Economics and Statistics
Administration (ESA) has decided to continue the economicindicators.gov website.
Featuring the economic releases from ESA’s Census Bureau and Bureau of Economic
Analysis (BEA), the site was started by this Administration in 2002 to give
greater awareness to these economic statistics. ESA initially planned to
discontinue the service due to cost concerns but given the feedback ESA
received, the decision has been made to continue the site and improve its

A popular feature of the site is the calendar that links
directly to economic indicators on the Census and BEA websites. By continuing
the Economic Indicators (EI) site, the fifteen major indicators released by
those bureaus will still be listed, along with links to the full text of each
release. EI’s information will continue to be provided free of charge.

Many users also subscribe to the site and have economic
indicators and the full releases emailed to them. There are a number of
technical challenges with this aspect of the EI site – the service often backs
up and fails because of bandwidth issues, releases sometimes take hours to reach
subscribers, and some subscribers receive multiple copies of the releases while
others get none at all.  The cost of maintaining the site is almost entirely
attributable to operating this feature.

To address these concerns we will redesign the subscription
feature of economicindicators.gov.  The new system, which will remain free of
charge, will email an abstract and link so that users can access the full
release on the source website.  We believe the cost of rewriting the system
will, in the long-run, be less than continuing to run the existing system.  The
new subscription service will be operational in the next few months. 

Existing subscribers of the economicindicators.gov service were
offered a free trial subscription to the STAT-USA/Internet service (http://www.stat-usa.gov).    A number of you have already signed
up for that and we hope you will make full use of it. 

Thank you for your responses to last week’s notice.  We look
forward to continuing to provide economic indicators, in the most efficient way

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