Recap of Today’s Economic Data

There was a significant amount of economic data released today in advance of the Christmas holiday. There were no major surprises with 3 data points missing consensus, 2 came in at consensus and 1 exceeded consensus. The 3 missed were by a slim margin. The markets are mostly flat on the news. Typically headlines focus [...]

Krugman Comes Clean?

Unfortunately, no. Not Krugman. In his latest, titled “The Worst Economist in the World” which I read, thinking he finally admitted to it, he says: “So, how hard is this? Higher commodity prices will hurt the recovery only if they rise in real terms. And they’ll only rise in real terms if QE succeeds in [...]

Bad Time for Bad News

If you have been following the financial news lately you have likely noticed an uptick of dismal reports. Just this week we have seen stories on the Fed’s debate on how to simulate a sluggish economy, a slowdown in capital spending and the lowest level of existing homes sales in 15 years. The market has [...]