Jobs Report Redux
Last weekend, in Redux: Household versus Establishment Surveys, we noted the silliness of trying to make the BLS Household Survey somehow...
The Bull Case
“Know the enemy and know yourself; in a hundred battles you will never be in peril. When you are ignorant of the enemy, but know...
Good News On Federal Deficit
I haven’t taken apart these numbers yet, but at first blush, this looks like excellent news: Graphic courtesy New York Times> My...
ADP: Stick to Your Knitting
One of the more interesting issues I observed last week (albeit from a distance, margarita in hand) was the pre-NFP excitement generated...
NFP: Another in a long series of disappointments
As we expected, yesterday’s NFP was another stinkeroo. The 121k number was significantly below the 200k consensus, and far, far...
Debunking One of the Worst Ideas in Economics
This is scheduled to disappear from Yahoo soon — I wanted to capture it before it went away. Its a criticque of Supply Side...
4 Year Presidential Cycle: Bond edition
Last week, we looked at the 4 Year Presidential Cycle and equities, via Birinyi Associates. Today, we take a look at similar data as it...
Ignore Inverted/Flat Yield Curve at Your Own Risk
We have discussed the impact of an inverted yield curve repeatedly in the past. Much of the mainstream has denigrated the historical...
Haefling on Housing
Carl Haefling is a portfolio manager in Bainbridge Island. He is a deep value player in small and micro cap stocks, biotech and medical...
Global HNWI Grows
Earlier this week, I referenced the increasing concentration of wealth in the U.S., on both the individual and corporate level. It turns...