Economy

David Rosenberg is out with a good post that takes on the double dip theme that everyone is talking about.  As you would expect, he has a bearish spin. To the degree you want counterfactuals, I really like what Morgan Stanley has to…

This is a guest post by Karl Deeter of the Irish Mortgage Brokers Blog. We are reminded by Shane Ross' article in the Sunday Irish Independent "Cowen spins for his political life" that these banking issues are political for…

By Annaly Capital Management. We’ve made no secret of our love for the Federal Reserve’s Z.1 Flow of Funds report. The only thing more amazing than the impressive volume of data in the release is the lack of coverage it receives by the…

A post by John Tepper of Variant Perception via John Mauldin “My best guess is that we’ll have a continued recovery, but it won’t feel terrific. Even though technically we’ll be in recovery and the economy will be growing, unemployment…

We have been watching the change in the ECRI Leading indicators as a predictor of economic activity.  I have posted a few times on this, first in April, then again last month. All along the way, it has been the rate of change in the…

The unexpectedly large drop in US May retail sales has perversely boost the dollar in early North American trading as risk is taken back off. The 1.2% drop is the largest fall since late Q3 09. The slight upward revision tot he April…

Nassim Taleb speaks to the issue I have been addressing here for two years, namely that the problem with our financial system is debt.  There is too much of it. And all the stimulus in the world won't solve that problem.  The…

One common metric used by analysts to gauge how the economy is doing comes from freight or rail tonnage. If the economy is doing well, then more goods will be shipped via trucks and trains. This is exactly what is happening. Andy Lees…

By Annaly Salvos. We breathlessly await the release of the next Z.1 from the Federal Reserve on June 10 to check on a number of things, such as the change in the amount of equity in the average American’s home in the first quarter, but we…

This morning David Rosenberg noted: We also received the U.S. consumer credit data for April yesterday afternoon and the $1.0bln rise in total outstanding should be viewed in the context of the sharp revision in March (to now show a…