asset inflation doesn’t work

The Last Ride Of The Unemployment Rate

It’s easy to set aside the nostalgia, so to speak, since this is likely the last Christmas holiday season to be talked about in the media in the positively glowing terms of the unemployment rate. Ever since the “recovery” began, each and every year the internet and TV channels are filled with stories about how strong the consumer is and [...]

Black Friday Much Worse Than Last Year, So Economy Must Be Much Better?

By Jeffrey P. Snider|2014-12-01T12:36:23-05:00December 1st, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

There is an undoubted shift in the behavior of consumers, including and especially during the peak retail season between Thanksgiving and Christmas. However, to say that is the sole reason for the decline in actual sales volume is to stretch that truth into (in many cases intentional) utter misdirection. The initial indications from the retail outlets are so far beyond [...]

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