durable goods orders

Bi-Weekly Economic Review: Embrace The Uncertainty

By |2018-03-27T19:04:05+00:00March 27th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Markets, Monthly Macro Monitor, Stocks|

There's something happening here What it is ain't exactly clear There's a man with a gun over there Telling me I got to beware I think it's time we stop, children, what's that sound Everybody look what's going down There's battle lines being drawn Nobody's right if everybody's wrong Young people speaking their minds Getting [...]

Bi-Weekly Economic Review: The New Normal Continues

By |2018-03-13T21:05:58+00:00March 13th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor, Politics, Stocks, Taxes/Fiscal Policy|

There has been a lot of talk about the economic impact of the recent tax reform. All of it, including the analyses that include lots of fancy math, amounts to nothing more than speculation, usually informed by little more than the political bias of the analyst. I am guilty of that too to some degree [...]

Bi-Weekly Economic Review: Gridlock & The Status Quo

By |2017-11-07T20:28:18+00:00November 7th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Investing, Markets, Monthly Macro Monitor, Stocks, Taxes/Fiscal Policy|

The good news is that the economy just printed its second consecutive quarter of 3% growth, a feat not accomplished since Q2 and Q3 2014. The bad news is that the growth spurt in 2014 was better, quantitatively and qualitatively. Those two quarters produced gains of 4.6% and 5.2% (annualized) in GDP, much better than [...]

Bi-Weekly Economic Review: Don’t Underestimate Gridlock

By |2017-08-29T14:40:52+00:00August 29th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Investing, Markets, Monthly Macro Monitor, Politics, Taxes/Fiscal Policy|

The economic reports released since the last update were slightly more upbeat than the previous period. The economic surprises have largely been on the positive side but there were some major disappointments as well. The economy has been doing this for several years now, one part of the economy waxing while another wanes and the [...]

Bi-Weekly Economic Review: Extending The Cycle

By |2017-07-31T15:36:25+00:00July 31st, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor|

This economic cycle is one of the longest on record for the US, eight years and counting since the end of the last recession. It has also been, as almost everyone knows, a fairly weak expansion, one that has managed to disappoint both bull and bear. Growth has oscillated around a 2% rate for most [...]

Bi-Weekly Economic Review: Who’s Hiring?

By |2016-08-06T20:19:54+00:00August 6th, 2016|Alhambra Research, Economy, Markets, Monthly Macro Monitor|

Economic Reports Scorecard Two reports over the last two weeks epitomize the bifurcated nature of the US economy. The durable goods report last week was just plain awful from top to bottom. Orders down 4% month to month and 6.4% year over year. Ex-transportation -0.5% month to month and -3.6% year over year. Core capital [...]

Weekly Economic and Market Review

By |2011-06-26T17:08:16+00:00June 26th, 2011|Economy|

"We don’t have a precise read on why this slower pace of growth is persisting." Ben Bernanke at his press conference last week following the FOMC meeting. That was - by far - the most important statement to come out of the post FOMC press conference last week. Bernanke finally had to admit that he [...]

Weekly Economic and Market Review

By |2011-05-01T17:00:20+00:00May 1st, 2011|Economy|

Does Ben Bernanke have access to a Bloomberg? I ask that because he is apparently unaware that the dollar index is down for 9 straight days, gold is hitting new highs and silver is approaching cult status. He said at his press conference that a strong and stable dollar was in the best interests of [...]

Weekly Economic and Market Review

By |2011-03-27T15:15:15+00:00March 27th, 2011|Economy|

I'm not sure what possessed investors to re-embrace the warmth of the bull market last week but it surely wasn't good news on the US economy. Or good news from Japan. Or good news from the Middle East. Or good news from Europe. Or good news on the housing market. The ability to ignore the [...]

Weekly Economic and Market Review

By |2011-02-27T13:25:50+00:00February 27th, 2011|Economy|

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? [...]