Verbatim Text Of Federal Reserve’s Interest Rate Decision
The Fed speaketh: The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to...
Strange things are afoot with GDP
I do not want to become a "nattering nabob of negativity," but I cannot shake the idea that yesterday’s GDP numbers had a...
Translating Greenspeak into Plain English
Since we have a very special Fed meeting coming up this week, I thought I would give y’all a treat. Its the Peneboscot Princess,...
Weekend Linkfest
Man, its hot out there! I’ll just cool off in the A/C, and enjoy some weekend linkage: From Bubble to BubbleGreenspan,...
Rent vs CPI
We previously discussed how housing lowers CPI a few weeks ago. The Sunday NYT has an article which traces the history of the shift away...
Durable Goods: The Soft Patch Continues
May Durable Goods had a consensus expectation of +2.0%, and surged to a powerful +5.5% However, all the upside action was courtesy of the...
Bloomberg UK Appearance (6/22/05)
A quick note for any readers in Great Britain: I will be appearing on Bloomberg Television UK 7:05 – 7:20 pm local time. The...
Its Different This Time Redux
Deustche Bank joins the list of pundits who have opined that "Its different this time." In their Daily Economic Note, the Banks...