Quote of the Day
Check it out: "We do not view this survey as a useful indicator of consumer behavior or the economy. The index was likely weighed...
Deficits and Interest rates
Go figure: Deficits matter: " . . . [T]he nation’s budget deficit is a cinch to go from merely staggering to positively...
Real Gold versus Real Oil
Earlier today, Gary Evans directed me to this chart. By coinicidence, CNBC’s Ron Insana featured a very similar chart this...
Its Gold Jerry, Gold!
There’s an interesting debate today on Gold at Real Money. Some people actually think that Gold reflects future expectations for...
Except for Inflation, there’s no Inflation
So let me make sure I completely understand this: If we back out all of the inflationary data from the CPI, and PPI, there is, um, no...
Idealogues and the Issue of Open versus Closed Blogs
A observation rant: Why are certain blogs closed, i.e., no comments allowed? These blogs are often riddled with simple...
Radio Economics part II
I did another Radio Economics interview this week (here). This time, it was with Dr. Mark Thoma or Economist’s View. We discuss the...
Sometimes, There is No Pony
Wall Street has been sifting through the horrific reports out of the Gulf of Mexico. Their rose-colored glasses allowed them to see...
Employers remain cautious about hiring
The Manpower Hiring Survey is interesting to me — not because of the blah blah blah it contains — but due to the uncorrelated...
More Stupidity from the Conference Board
Have I been too hard on the Conference Board? Has my criticism of their modification of the LEIs been unjustified? I think not, but my...