How odd is this economy? Two economic reports from last week, attempting to measure essentially the same thing, reported results that were so different they could be about two different countries. At 9:45 Wednesday morning, S&P Global reported their US Services PMI for July as 47.3 versus June's 52.7, a sudden and large one-month drop. When they reported the preliminary [...]
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 and so we should probably [...]
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 arms to get the deal [...]
Stay In Touch