Tax-rebate-goosed June Retail Sales rose less than forecast, up 0.1% headline and 0.8% ex-autos. Consensus was for gains of 0.4%...
Read More
Hey, looks like we are not the only nation that plays down their inflation rate: In Cambodia, they stopped reporting CPI...
Read More
Interesting analysis via David Rosenberg of Merrill Lynch: "There have been five phases to this current down-cycle – the first...
Read More
One of the criticisms I’ve had about the way BLS calculates price inflation is the Hedonic adjustments applied by the Bureau....
Read More
Wow — this is amazing. It shows no sign of stopping, which of course, it eventually must. Here’s a question — at...
Read More
I just love this WSJ headline: Zimbabwe Can’t Paper Over Its Million-Percent Inflation Anymore...
Read More
As per our earlier discussion: We know health care costs have skyrocketed, that education costs are through the roof, and that Housing...
Read More
Confidence among U.S. consumers fell in the month of June to the lowest level in 28 years. The culprits are record-high energy costs and...
Read More
This morning, we have two interesting economic data points: Personal Income & Outlays, and the University of Michigan’s...
Read More
The Fed is walking a tightrope between inflation and a recession, hoping to find its way to neutral. Bill Gross, of PIMCO, shares their...
Read More
