The European banking collapse continues. The decline in deposits has now devolved into a crash. Deposit levels have broken their 2015 lows. If the deposits…
Last week we reviewed US industrial production (IP) and saw that it has been contracting for more than a year. The IP indexes represent the production…
First let’s go to the slant. The Wall Street Journal spun the tall tale that “U.S. Existing-Home Sales Rebounded in September.” The Journal also claimed that the “Rise…
Ben Bernanke first set an official inflation target in January 2012, aiming at 2%. Since then the Fed has claimed that it would begin to normalize interest rates when the target was reached and unemployment fell below 5%. The latter goal has long been met, but what about the inflation target?
Buried several layers deep in the data beneath the headline economic numbers is always a story that the mainstream media never tells. The Job Opening…
The stock and bond rallies went flat in August and bonds sold off in September as heavy Treasury supply and foreign sovereign liquidation of Treasury…
Both excise tax and corporate income taxes have been declining persistently for more than a year. The fact that withheld taxes are one of the…
Private spending on capital goods is a measure of business confidence in the economy. If business people believe the economy will grow, they invest more in…
“U.S. factories reported flat demand for big-ticket goods in August, suggesting the economy continues to be restrained by sluggish business spending,” reported The Wall Street…
Whether you think there has been a housing “recovery” or not is a matter of perspective. Sales are indeed up 117% since the 2010 low,…
