The Big Picture

We had previously discussed the Augmented Unemployment Rate back on January 10, 2004. (I’ve been meaning to update it, but its not...

Once more, unto the breach: If Economists were baseball players, many of ’em would have been sent down to the minor leagues a long...

This is too funny: How the CPI is calculated

“Critics of the Federal Reserve warn that its low interest rates are boosting prices for stocks, bonds and houses to unsustainable...

The market’s plunge since the bombing in Madrid, coming on top of the slow slide which began late January, brought us to very oversold...

Since 1970, changes in the Capacity Utilization Rate have correlated well with Corporate Earnings. In the past, capacity utilization...

Aaargghh! Over the past 2 days, I heard Treasury Secretary John Snow, CNBC commentator James Cramer, and several other heads engage in...

The Wall Street Journal had an unusual and insightful election report today (3/17): “Arab-Americans Sour on Bush.” The...

WSJ reporter and long time Fed watcher Greg Ip makes the observation that the Fed was somewhat less bullish this meeting than the last...

I’ll be on CNNfn this morning at 11:30 discussing the markets, the Presidential elections, and terrorism. Should be interesting . ....