Weekly Economic and Market Review
The market got exactly what it expected last week and the result was another leg higher in a rally built on two dubious assumptions: gridlock is good and the Fed can fix what ails the economy. The mid term elections delivered control of the House of Representatives to John Boehner and the Republicans while the .. read more
On November 7th, 2010,
posted in: Economy by Joseph Y. Calhoun Tags: congress gridlock, construction spending, deflation, economic analysis, economic reports, election and markets, employment report, factory orders, falling dollar, fed balance sheet expansion, fed buying treasuries, fed easing, fed meeting, gridlock, gridlock markets, inflation, ism manufacturing, ism non-manufacturing, ism surveys, jobless claims, mortgage applications, pending home sales, personal income and spending, qe ii, quantitative easing, savings rate
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Weekly Economic and Market Review
The GDP report last Friday confirmed what all sentient beings outside the immediate DC area already knew – the recession was worse than the official data keepers told us at the time it unfolded. That fits a pattern of cluelessness on the part of policymakers who are preternaturally optimistic and thanks to taxpayer funded salaries, .. read more
On August 1st, 2010,
posted in: Economy by Joseph Y. Calhoun Tags: bullard research paper japan, bullard st. louis federal reserve, capital goods orders and shipments, chicago pmi, durable goods orders, economic analysis, economic data, employment cost index, fed balance sheet expansion, fed qe ii, gdp report, ism manufacturing report, jobless claims, new home sales, non residential investment, quantitative easing, residential investment, stock market analysis
