How Strong Are Retail Sales ?
Look at the raw Retail sales numbers, and you might think we were in a full blown recovery. Month over month for August, it was up +2.7%...
The Recession is Over…Sort of
Barrons.com’s Bob O’Brien comments on Ben Bernanke’s speech earlier this week in which he believes the recession is...
Who is Feeling Smart These Days?
Good Evening: U.S. stocks rose once again on Wednesday, extending what has become a rather remarkable equity rally. Taken in context with...
Exposure at Default: As Banks Shrink, So Does the Economy
Here’s our latest item. The reader comment at the top is great stuff. A fishing buddy, all I’ll say. Best, Chris ~~~...
BBC Interview on Banking
I am in the 2nd half of the interview: > Over the past year, bankers have been blamed for much of the financial crisis. But how does...
Jim Rogers: I Expect a Currency Crisis or Semi-Crisis
The current recovery is just a consequence of the fact that consumption fell so dramatically in 2008 and people have to buy things they...
NAHB housing and tax credit impact
The Nat’l Assoc of Home Builders index was 19, in line with expectations but is up 1 point from August. It’s now at the...
Afternoon Reading
Some interesting reading today: • Martin Wolf: Don’t Learn Wrong Lessons from Lehman (Financial Times) • Where are the subprime...
The Recession Is Over ?
In light of my earlier Bernanke post, my friend Scott sends this along: > via Bob Englehart