The economy recently has been full of stops and starts, ups and downs, good news and bad news. Optimists will say that progress is being made, as we’ve moved beyond…
The Unnoticed Recovery
It seems that every day we hear about a stronger economy with real jobs, a recovered housing market and renewed manufacturing strength being just ahead. We hear about it. We…
House of Cards
The current housing recovery is not a house of brick, but a house of cards. The cards came tumbling down this week, as the U.S. Commerce Department reported that housing…
Fingers Crossed In Economic Promise
Like most promises made before an election, the promise of an economic recovery is beginning to look like a false promise. Last fall, the housing market was showing signs of…
The Yin-Yang Economy
Last week, with sequestration pending, President Obama and others warned of airplanes falling from the sky, tainted meat being served and schools being closed because of teacher layoffs. The budget…
Flow Reversal
In another reversal of fortune, equity funds reported an outflow of more than $4 billion this week, the largest this year. Commodity funds, meanwhile, saw an outflow of $3.2 billion,…
Europe – The Weakest Link
With the election, sequestration showdown and other pressing domestic news, we’ve hardly had time to think about Europe. Yet the continent is as troubled as ever and is crying out…
The Incredible Shrinking Economy
Only in today’s America would a shrinking economy cause the stock market to rise. The federal government reported this week that the U.S. economy contracted by -0.1% in the last…
WOW! Manufacturing Index Up 0.2%!
“Been down so long, it looks like up to me.” Furry Lewis This is what passes as positive economic news these days: The Institute for Supply Management’s (ISM) reported Thursday…
News You May Have Missed
With the election season in full swing, dominating the airwaves, Internet and print media, you may have missed some of the other news from the past week. Here are a…