A rate change of any kind, either up or down, would be a complete stunner. Instead, the big news on monetary policy this week is very likely to be the Federal Reserve announcing it will begin gradually trimming its balance sheet at the start of October. Click here to read more...
What hasn’t gone back to normal is the size and scope of Washington DC, especially the Federal Reserve. It’s time for that to change.... CLICK HERE FOR MORE DETAILS
Some might think that, as did Nouriel Roubini after Katrina, the damage itself will cause a recession. Others take the opposite tack and think rebuilding efforts might actually help the economy. Neither are correct. By themselves, the storms will not push the economy off its Plow Horse path.
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Just to make it clear up front, it’s important to recognize that a government shutdown and a debt default are not the same...Click here for more details
It looks like businesses are stocking shelves at a more normal pace after the lull in the first half of the year. Excluding this inventory boost... Click here for more details
...the business model for delivering goods and services to consumers is changing fast. But that doesn’t mean the consumer, or retail in particular, is dead. Click here for more details...
Shiller P-E is painting an overly pessimistic view of the stock market. One basic flaw is that by using a ten-year time horizon for earnings...Click here for more details
The US economy has grown at an annual rate of 2.1% since the economic recovery started in mid-2009. So the second quarter 2.6% rate was...Click here for more details
But consistently better growth is going to take more than lots of talk from Washington, DC. Instead, it’s going to take some concrete steps, like less regulation, lower tax rates, less spending, and a more free-market approach...Click here to see more details
So, how is it possible that the federal budget, along with some state and local budgets, still look like they’re in the middle of a nasty recession?