Economic Outlook

The race to recovery continues and heartache remains strongly in control.

Just as some lyrics make absolutely no sense, so do some economic data points.

If you've ever loaned money to a distant relative or perhaps took the short end of a business deal in order to help him or her, then perhaps you can understand the position of the government.

The banking industry is splitting before our very eyes and the determining factors do not end with whether a bank has been "TARPed."

The Term Asset-Backed Securities Lending Facility (TALF) was announced last November, but only had its second auction last week.

Some recent housing market indicators seem to point to stability, while others are still pointing downward.

Last week, for the first time in seven years, England had a government bond auction fail.

The House of Representatives voted 328-93 last week to impose a 90 percent tax on bonuses paid after December 31, 2008 by companies that received more than $5 billion in government bailout funds.

Treadmill-running in a Florida hotel last week, I got a rare opportunity to actually focus on CNBC for an hour.

Fed Chairman Bernanke made a good analogy when he compared the housing bailout to a smoking neighbor who carelessly sets his home on fire which threatens yours. Would you call the fire department? Of course you would. Rick Santelli should know better.