Measuring growth in Gross Domestic Product (GDP) is like taking the economy’s temperature. The annualized growth rate of 1.5% at the end of the second quarter – which is a…
Over Fed
To QE3 or not to QE3? That is the question the Federal Reserve Board has been pondering for months … or at least Fed observers think it’s being pondered. But,…
Dancing With A Cow
While Europe’s sovereign debt crisis has beaten down the U.S. stock market, it has helped the bond market. Because the European bond market is in such poor shape, U.S. bonds…
An Anorexic Recovery
If we could put the recovery of the past few years on a scale, it would be the thinnest in history. Recently, though, it has become downright anorexic. Goldman Sachs…
A Step in the Right Direction?
An unemployment rate above 8% is no longer news – it’s been above 8% for 41 months, which is the longest streak since the Great Depression. However, during the Clinton…
What Recovery?
Maybe we should be used to high unemployment … but now the bad news on jobs is coupled with queasiness about corporate earnings. The latest earnings season began with the…
Finally – U.S. Drags Down European Market … Japan Falls, Too
We’ve been writing about Europe dragging down the U.S. stock market for more than a year now. We, of course, take no satisfaction in it, but it’s kind of a…