Weekly Economic and Market Review
“There are limits to what we can do on the monetary front to provide the bridge financing to fiscal sanity.” Richard Fisher, Dallas Federal Reserve Governor Is there any way we can replace Ben Bernanke with Richard Fisher? There is very little I like about the Federal Reserve but if we are to have a .. read more
Weekly Economic and Market Review
Clueless. That’s the word that kept creeping into my mind all last week. Private jets ferried the rich and well connected to Davos, Switzerland so they could meet the rest of the rich and well connected. Clueless. Hosni Mubarek fired his cabinet and replaced them with a different set of cronies that failed to satisfy .. read more
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
Weekly Economic and Market Review
The economic data last week was mixed and the market managed to give back all the gains of the week before and yet for some reason it feels like last week was a pretty good week. Why in the world would I say such a thing? Well, because the markets that aren’t stocks had some .. read more
Weekly Economic and Market Review
The economic data continued its mixed performance last week with little in the way of surprises. The recovery is definitely slowing and that is quite disappointing considering that it hasn’t been a robust one anyway. The housing market is in tax credit hangover hell and the jobs market is downright dismal but manufacturing continues to .. read more
Weekly Economic and Market Review
It was a rather sparse week for economic data but what we did get does not change the view here that the economic recovery continues at a steady, if unimpressive, rate. The same problems we discuss week in and week out haven’t changed nor does that appear about to change anytime soon. The housing market .. read more
Third Time’s a Charm?
So, here we are, a mere thirteen months from the depths of economic despair and I find myself wondering if we learned anything from the experience at all. A year ago the stock market was just recovering from its devilish low of 666 on the S&P 500, the results of the bank stress tests were just .. read more
