The Fed speaketh: The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to...
Read More
I do not want to become a "nattering nabob of negativity," but I cannot shake the idea that yesterday’s GDP numbers had a...
Read More
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,...
Read More
Man, its hot out there! I’ll just cool off in the A/C, and enjoy some weekend linkage: From Bubble to BubbleGreenspan,...
Read More
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...
Read More
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...
Read More
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...
Read More
Deustche Bank joins the list of pundits who have opined that "Its different this time." In their Daily Economic Note, the Banks...
Read More
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...
Read More
Former Federal Reserve Cheif Paul Volcker warns that nation is facing ‘huge imbalances and risks,‘ at the second annual...
Read More
