Tape vs. Growth
Since March 29, I’ve been pretty vocal in a Bear call. And to be brutally honest, I do not place a whole lot of faith in recent...
Inflation Rate Tame?
Yesterday’s CPI data (for April) was a stiff 0.5%, or 3.5% ona year over year basis. Yet the markets chose to focus on the flat...
Economists React to CPI data
The usual WSJ round up of reactions from Economists: "Higher petroleum prices continued to push consumer prices upward in...
Economic Cheerleaders
Harvey S. Rosen, chairman of President Bush’s Council of Economic Advisers, has an Op-Ed in today’s WSJ. It is either appalling...
Demi-Stagflation, Churning Markets, Tiring Bulls
We’ve been watching this market from the sidelines, and we cannot help but wonder what is going through the minds of investors. Are...
Chart of the Day: Nasdaq (6 Months)
The Nasdaq Composite is nearing a confluence of several technical factors. We see initial resistance at the 200-day moving average...
NY FED Empire State Survey: El Stinko
Joan McCullough (formerly of Bear Stearns, now at East Shore Partners) has a few bon mots on the Empire State manaufacturing survey:...
Economists Scale Back Forecasts for Growth
Expect more "soft patch." That’s the conclusion of economists surveyed by WSJ.com. 56 private economists have sliced...
Fastest Drop in Real Wages in 14 years
With the economic recovery still being carried primarily by consumers — Business CapEx spending and hiring has been feeble —...