Despite the prognostications of those who have been saying since 2009 that the economy is finally on the mend, there is very little data to support the contention. Quite the contrary: There is a lot of data to support the idea that we have an economy that has had no development in either plot or character for two decades.
If you were betting on a hike in interest rates by the Fed this year, so far as in years past youve been disappointed. And that disappointment must be accounted a failure of economic policies that have been pursued mostly by Democrats.
In Wall Street parlance they call it a dead cat bounce. Thats when a stock that is getting killed briefly pops back up giving investors hope that the cat really isn't dead, but resurrected. And that hope makes investors do the worst of all possible things: Bet more money on a stock thats already dead.
The good news is that unemployment is going to continue to decline, says a new research note from investment house Goldman Sachs. The bad news is that doesnt mean youll necessarily have a job as the joblessness rate continues to decline.
The worm has turned for China and the U.S. But unfortunately its because both countries are rotten apples, full of worms.
I always thought it was Skynet that was going to run the Apocalypse. Or perhaps an Atari computer system named Joshua that just wanted to play chess with its floppy disks.
In 2011, masochistic Liberals embraced China as the model empire from which the United States could learn much. They were organized, we heard.
I interrupt the reality TV shows that are the Republican GOP Presidential Race and, on alternate days, the Barack Obama Show or Hillarys Hilarious Magical Email Mystery Tour, for this public service announcement: Buried under the Jeb Bush rhetoric is a lot of big government covered up by a thousand point of light.
Markit came out with manufacturing numbers yesterday that sounded loud warnings to Wall Streeters that Yellen and Company may have their headquarters where their hindquarters ought to be in much the same way that Benanke and Company had.
There is a raft of stories coming from the media now in anticipation of a government shutdown. Most have the same basic theme: A shutdown of the government would affect the economy at a time that it cant afford any slackening in government spending.
This was the year that, finally, mercifully, monetary policy was supposed to normalize. At least thats what Janet Yellen was telegraphing to the markets at the beginning of the year.
Since monetary policy cant ensure a growing economy and president Obama acts like he doesnt consider a healthy economy even necessary, the only thing left to do is what they should have done long ago: Get rid of the regulatory burden thats keeping the brakes on the economy.
The non-event this week of whether the Fed will or won't raise interest rates, symbolically, metaphorically, or categorically, will make headlines whether we like it or not.
A new survey of Harvard business alumni is exhibit Number One on why our ruling elite just cant manage to understand the gravity of the crisis that this country is facing.
Last week the government bragged about how the deficit would be much smaller this year than anticipated.
Fear, at least the fear measured by the CBOE Volatility Index (VIX), is in high feather right now on Wall Street. And thats probably good for you, as David Williams and I discussed on the most recent RansomNotes.tv.
Almost one year after the Federal Reserve Bank declared victory in the war on unemployment and put an end to artificial stimulus measures, the enemy army is still marching on the capital and killing jobs.
Heres how bad it is in Europe: With economic growth projections being slashed as a result some say of a slow down in China, the European Central Bank (ECB) is getting ready to buy more government bonds. From Greece.
One of the things that we ought to have learned from the 2008 financial meltdown was that a growing diversion between financial markets and the economy cannot be sustained over long periods of time. And when I say long periods of time, I'm talking about periods of 10 years or more, not a two-minute Superbowl commercial.
As the market engages in its first correction since 2011, some market watchers are saying that at least the US economy is healthy.