The Big Picture

We have a Fed meeting this week. Conventional wisdom is that the Fed’s hands are tied. As is so often the case, conventional wisdom...

The Bureau of Labor Statistics weighs in on the now thoroughly discredited Payroll vs. Household Survey pseudo-controversy. Economists...

Consistent job losses began in 2001; They only ended after a massive stimulus package of tax cuts, deficit spending, interest rate cuts,...

There is a new article by Eliot Spitzer, titled “Bull Run” at TNR.com If someone with a subcription would email it to me, it...

I was floored to see this chart in a WSJ Op/Ed by Harvard Prof Robert Barro. It purports to argue (once again) for the household versus...

“When push comes to shove, the investment community doesn’t seem wild about either candidate. It’s a bit like shopping...

I will be appearing on Wall $treet Week, discussing the Magazine Cover Indicator, what the signal means, and how to apply it. Regular...

This is another chart to put in your “Structural changes?” file . . . Source: Economic Policy Institute It simply...

With all the mayhem of the past few weeks, several Fed speeches got overlooked. The one I found most intriguing was not from Big Al;...

After making an intermediate high on January 26th, the markets’ corrective process has now been underway for more than six weeks....