From Euphoria To Despair And Getting Nowhere

By |2016-08-31T17:08:10-04:00August 31st, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For October 2014, the ISM estimated that its Chicago Business Barometer was a blistering 66.2. Encompassing much of the Midwest and a good deal of auto and parts production, that level seemed to make sense. As any economist would say then, the US economy was on the verge of a breakout and according to the labor statistics maybe even one [...]