Weekly Economic and Market Review
Was that it? Is the great stock market correction of 2011 already over? Libya is in the throes of a revolution that threatens to spread to the more important parts of the oil producing world and the slippery stuff can’t hold above $100? All this geopolitical turmoil and gold can’t even make a new high? .. read more
Weekly Economic and Market Review
It’s not exactly the Newsweek indicator but anyone with contrarian instincts had to note the cover story of Barron’s this weekend, Bears Beware!, with at least a modicum of concern. The story concerns the magazine’s recent Big Money Poll survey of money managers who it turns out are – surprise! – bullish on stocks. I’m .. read more
Weekly Economic and Market Review
It was a light week for economic data and what we did get served more to confuse than clarify. Market action seems to indicate that the data at this point is basically irrelevant anyway as all the market’s attention is focused firmly on the potential actions of the Federal Reserve. There appears to be a .. read more
Weekly Economic and Market Review
Considering that large parts of the country were blanketed with snow for a good portion of the first quarter, the 3.2% GDP growth reported Friday doesn’t seem all that bad. Republicans and bears with a vested interest in pessimism will undoubtedly find fault with a recovery that is tepid by historical standards, but with the .. read more
Good News From Housing
Casey Mulligan has a good post concerning the cost of materials for building new homes: Although the Case-Shiller home price index for January and February was slightly lower than it was at the end of 2009, the message was somewhat different from a government report last week on the producer price index for single-unit residential .. read more
