Is The US Already In Recession?
Is the US economy already in a recession? That’s what Lakshman Achuthan of the Economic Cycle Research Institute believes. He made the media rounds last week and his message was a simple one – the US economy has been in recession since July of this year. ECRI has a flawless record of predicting US recessions .. read more
Employment & Revisions
The headline in the Establishment survey was quite a bit better than expected, but once again it was at odds with most of the rest of the employment report. The Household survey fell by 122,000 reported jobs, while 350,000 people left the labor force. The number of estimated persons not in the labor force rose .. read more
Conspiracy Theories & Other Random Thoughts
I’m traveling again and so this will run shorter than normal. This trip is a combination business trip and vacation so my wife Fay is along and we’re visiting my home town of Aiken, SC this weekend. I’ve promised to take her to the polo matches this afternoon so I’m on a tight deadline. We’ve .. read more
Weekly Economic & Market Review
Is the Greek debt crisis over? Based on the stock market reaction last week one is tempted to say, yes, finally the Greek problem has been solved. Stocks sold off early in the week when it looked as if the deal might not be fully subscribed but recovered as European leaders managed to twist enough .. read more
Weekly Economic & Market Review
Well I stepped out the tub Put my feet on the floor I wrapped my towel around me And I opened up the door and then Splish Splash I jumped back in the bath well how was I to know there was a party goin’ on? Bobby Darin That must be how the bears felt .. read more
Weekly Economic & Market Review
Markets were roiled last week by the possibility that democracy would break out in Greece – of all places – when George Papandreou floated the idea of holding a referendum on the EU bailout plan. Stocks sold off hard Monday and Tuesday but by the end of the week Papandreou had given up his ridiculous .. read more
Weekly Economic & Market Review
The economic data last week continued to defy the prognostications of impending economic doom. The vast majority of the reports were better than expected – although not good enough to disperse the Occupy (insert your city here) protestors. Based on the rate of improvement in the employment statistics, the occupiers encamped down at Wall and .. read more
Weekly Economic and Market Review
The deal to raise the debt ceiling, agreed to last week, obviously wasn’t enough to calm markets and no wonder. The deal was just more of the same smoke and mirrors we’ve come to expect from the small, petty people who populate the halls of power in Washington, D.C. Finding anything in this deal that .. read more
