The Big Picture

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....

The Presidential election cycle tends to see markets bottom in the 2nd year of a Presidency, and peak in the 4th. It held true in 2002,...

Wow, not too shabby. The sister blog, “essays and effluvia,” is ~72,000. I hope to keep the commentary thoughtful, off the...

As we have previously been discussing, job losses and the economy are going to be the single most important factor in the upcoming...