Today's headline is that the economy grew, just, in the fourth quarter last year. GDP rose at an annual rate of 0.1%, down from 3.1% [more…]
If you believe that one of the depressing factors in recent years has been the deflation of home prices and along with it the erosion [more…]
There was a flurry of economic news this week, most of which was encouraging. The economy is in decent shape. Not great, just decent.
Yes it's hard to focus at this time of year under the best of circumstances. This year is even worse. The background noise provided by [more…]
Well the rumors are swirling with enough detail mixed in that the consensus is probably right: there is a deal in the works. A deal, [more…]
We ought, briefly, to catch up on the latest news, most of which points to the ongoing sideways movement of the economy.
Yesterday's numbers on [more…]
While we hunker down waiting for hurricane Sandy to churn its way inland we can ponder today's consumer spending report and its attached reading on [more…]
Under normal circumstances - who can remember when they were? - GDP growth of about 2% would be looked at as something of a failure, [more…]
One of our recent themes has been the underlying improvement in consumer confidence that has yet to manifest itself strongly in any of the headline [more…]
Today's news from the University of Michigan-Thomson Reuters index of consumer sentiment was surprisingly good. Surprising, that is, if we had not been paying attention [more…]