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...
Gross: Fed May Cut Rates By Year-End
Dow Jones is reporting that PIMCO’s Bill Gross sees the Fed pausing at 3.5% by August. He is looking US GDP Growth at 2%-3% in the...
Volker Takes Away the PunchBowl
Former Federal Reserve Cheif Paul Volcker warns that nation is facing ‘huge imbalances and risks,‘ at the second annual...
Household Debt Service and Financial Obligations Ratios
Last week, we looked at both Household Debt and the net change in total household liabilities. The discussion on Household Debt provoked...
How Much Does Sarbanes-Oxley Cost?
There’s a meme circulating now amongst the sloping forehead crowd that Sarbanes-Oxley costs exceed $1.4 trillion dollars. The way...