What about all that Cash ?
Last week, Noah "Cult of the Bear" Blackstein was pounding the table as to how much cash was on corporate balance sheets....
Economists React to Fed
WSJ The Federal Reserve, as expected raised interest rates for the 13th consecutive time Tuesday, lifting the federal-funds rate by...
What Data is the Fed Watching?
It is a fait accompli that today’s Fed meeting will raise rates a quarter point. The more important question is “How many more...
Chart of the Week: GDP w/o Mortgage Equity Withdrawal
Calculated Risk notes that Mortgage Equity Withdrawal (MEW), was $171 Billion in Q3 2005, out of total household mortgage increases of...
How Strong is this Jobs Recovery?
The White House, Treasury Secretary Snow, and Labor Secretary Elaine Chao have been pointing out that the American economy has created...
That Cheery Notion of Upbeat Economic News
Barron’s Alan Abelson lets fly another fusillade this morning. In Parting the Mist, he observes that the White House is...
An Accident-Prone Economy
One of the economic realists I enjoy reading is Northern Trust’s Paul Kasriel. NT makes their Economic research available on a 24...
Goldilocks Economy? Hardly.
Here’s a question I have been pondering for quite some time now: How strong is the economy really? The debate on this subject...
Headlines versus Underlying Data, part II: Rare Rational...
I am somewhat fascinated by the current debate between those who consider themselves "Realists" (including me) and the people...
Economists React to Jobs Data
The WSJ reports that "hiring recovered in November from a hurricane-induced slowdown in the previous two months, as employers added...