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Economic and and financial news and analysis

Lee Adler on Twitter Reacts to Reporters Reacting To Bernanke

Follow live here. Tweets from earlier today. 31sLee Adler ‏@Lee_Adler @WSJecon @WSJ Mr. Overreact After the Fact. Great at recognizing problems after the damage is done.  View conversation  Reply   Delete   Favorite 2mLee Adler ‏@Lee_Adler $spx reverse head and shoulders breakout measures to 1394.  Expand  Reply   Delete   Favorite 6mLee Adler ‏@Lee_Adler @WSJecon They think we can’t handle the truth. Release the transcripts…

Full Text- Opening Statement and Live Video -Bernanke Report to the Congress- Senate Testimony-July 17, 2012

Watch live video here. Chairman Johnson, Ranking Member Shelby, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. I will begin with a discussion of current economic conditions and the outlook before turning to monetary policy. The Economic Outlook The U.S. economy has…

Weaker retail sales do not indicate weakening economy- that’s not contradictory

The year to year gain  in real retail sales, ex gasoline prices, and adjusted for inflation in June was 2.07%. This is toward the lower end of the range of annual growth rates since March 2010. It compares with a nominal annual gain in unadjusted total retail sales of 3.27%, which is much slower than the growth…

David Stockman on Fed, U.S. Deficit, Economy: Video – Bloomberg

July 16 (Bloomberg) — David Stockman, former director of the Office of Management and Budget in the Reagan administration, talks about the U.S. budget deficit, economy and Federal Reserve policy. Stockman speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg) via David Stockman on Fed, U.S. Deficit, Economy: Video – Bloomberg.