Uncle Sam Helps May Factory Activity Rise
The U.S. manufacturing sector expanded for the 12th month in a row in May, the Institute for Supply Management survey reported this...
Virtual Economies & Game Theory
Fascinating story at the Canadian magazine Walrus (really, that’s the name of it) about Edward Castronova, the economist who...
CPI versus Personal Spending
Personal income grew in April at twice the rate of spending, boosting the savings rate to the highest level since last summer. According...
Economist Wanted
Steve Liesman has fun at the Chairman’s expense (heh): “Wanted: Economist with impeccable credentials. Knowledge of monetary...
Follow Up: The Way the Music Died
Tonite, I watched the Frontline show, “The Way the Music Died.” It was kinda of interesting, but all told, rather...
Confirming a Market Turn
Last week, we discussed how the Dow Transports have not “confirmed the new low in the Industrials.” The Transports did not create...
The Chart of the Day: Average Election Year (Dow / 1897 –...
The Chart of the Day observes “the stock market has a tendency to be somewhat choppy during the first five months of an election year,...
Indifference . . .
It seems to be common knowledge that the Bulls and Bears have battled to a draw. Rallies get sold, sell offs get bought, equilibrium...
Blame it on the Locusts
A quick note on retail sales: Just for once, JUST ONCE, I’d like to see a mediocre retail report released without some absurd...
Read it here first: Oil Price Increases Are Not Taxes
Hurrah for Caroline Baum! We have repeatedly discussed — both recently and in the past — that oil price increases are not...