201111.29
Off
0

Consumer Confidence Is Up Sharply in November (but Still Low)

By John L. Chapman, Ph.D.                                                                                                                                             Washington, D.C.                                                                                                                                                                      November 29, 2011 The Conference Board announced its confidence survey results for November this morning.  Its Consumer Confidence Index®, which had declined in October, improved in November. The Index now stands at 56.0 (1985=100), up from 40.9 in October, and well above consensus estimates of 43.  The Expectations…

201111.28
5
0

The Correct Model for the Economy: An Austrian View

Thinking Things Over              November 27, 2011 Volume I, Number 19:  The Correct Model for the Economy: An Austrian View (Part 3 of 3)   By John L. Chapman, Ph.D.                                                                                                                         Washington, D.C. In this third and final installment of our three-part trilogy on the importance of seeing the world clearly in order to solve the vexing challenges…

201111.27
Off
0

Weekly Chart Review – ‘La Dolce Vita’

Just a couple of weeks ago, the S&P 500 broke out of its summer trading range and even broke above its 200-day moving average, which is indicative of a market that is turning the corner from a long-term downtrend to a long-term uptrend. The breakout didn’t last long, however, and now the S&P 500 is…

201111.27
Off
0

Weekly Economic & Market Review

It was another week of relatively positive economic data but it did nothing to help a market focused exclusively on the political power game playing out in Europe. Stocks fell roughly 5% globally in a holiday shortened week as the Euro continued its recent decline. The rise in the dollar weighed on commodities and despite…