Wall Street Breakfast: Must-Know News [View article]
At least Bernanke is starting to notice the connection between intended trillion dollar deficits and long term interest rates - at least until the Congress redefines the role of the Fed, or his reappointment (or not) starts to loom next year.
Wall Street Breakfast: Must-Know News [View article]
This Q ratio projection of S&P 400 by 2014 is a good example of the limitations of quantitative tools when the underlying economic factors no longer apply. This is a time for macroeconomics, not just projecting numbers. The real thing to consider: the loss of our manufacturing base - so that 70% of GDP is debt-enabled consumer spending.
Wall Street Breakfast: Must-Know News [View article]
The productivity number of + 4.3% for the second quarter is an outlier in an economic downturn. It does help explain why unemployment is now over 6% and we are losing 50 to 100,000 jobs per month while profits are holding up (outside of financial companies) and real hourly earnings are increasing.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
The real thing to consider: the loss of our manufacturing base - so that 70% of GDP is debt-enabled consumer spending.
Wall Street Breakfast: Must-Know News [View article]