Here’s how the Case Shiller Index (CSI) press release spun the data on the state of the US single family housing market today: The S&P…
The BEA reported today that Personal Income rose and Consumer spending rose in July. The headline numbers were +0.4% and +0.3% respectively. These are seasonally…
Good guy Sam Ro, now at Yahoo, tweeted out a chart by Bank of America Merrill Lynch (BAML) this morning showing that low wage job gains have…
The Wall Street Journal today dutifully reported the Commerce Department’s seasonally adjusted data on Durable Goods orders in July, proclaiming: U.S. Durable-Goods Orders Rebounded in…
Yesterday I began to show why now is not the best time in history to invest in real estate, rebutting a column posted August 22 at Dow Jones Marketwatch. In fact, the headline…
According to Jeff Reeves at Marketwatch, this is the best time in history to invest in real estate. Having spent half my professional life in the…
Lest we get too bearish on the US economy in the short run, it pays to remember that even though the Fed has outlawed the…
Don’t believe everything you read about the economy in the Wall Street Journal
In conjunction with the record highs in stock prices, the CPI data released today continues to show that ZIRP suppresses consumer goods inflation while inflating asset…
I warned in my latest Federal Revenues Report that withholding tax collections had rebounded sharply in late July, to bring the 4 week average of…