If you repeat something often enough, you may even start to believe it. So try this phrase: “The economy is improving. The economy is improving. The economy is improving.” Certainly,…
Bad News – The Economy May be Recovering
“This is what it sounds like when doves cry.” …
The Dollar Is In Danger
It’s a sign of America’s strength and its position as leader of the free world that the dollar is the world’s reserve currency. Just as English is the closest we’ve…
Household Income Shows Troubling Outcome
Hold off on the victory dance. The 2014 “Economic Report of the President” and many media reports indicate that the U.S. economy has finally recovered. But has it? One measure…
Wishful Thinking Does Not Create Economic Recovery
This was going to be the year. Remember the predictions of 3% economic growth? More recently, the consensus was 1.2% growth for the most recent quarter. It turns out, though,…
Translating Fedspeak
While the week’s biggest news has taken place in Russia, Ukraine and China, it’s the news out of the Federal Reserve Board’s Federal Open Market Committee that’s most in need…
The Economy Is Booming – Unless You’re A Consumer
At least it sounds like good news. The U.S. Bureau of Economic Analysis announced that the economy grew at a rate of 2.84% during the third quarter. That’s up significantly…
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…