Economy

You can be bearish and point to the potential for a double dip all you want (I certainly do). But to dismiss out of hand the huge uptick in manufacturing is just crazy.  These numbers are off the charts bullish.   Witness the…

I have sifted through the most recent personal income data and wanted to show you a few charts that might indicate where we’re heading. First, there is personal income.  It’s fallen off a cliff since the recession began. Looking at…

This is a post which was originally published at A Fistful of Euros. José Luis Rodríguez Zapatero, Spain’s prime minister, said in Davos this week: “We are a serious country and we will fulfil our promises.” With these…

I am in the process of crunching the numbers from today’s report on U.S. personal income and outlays. The monthly data came out at 8:30 EST this morning but I think the quarterly data is more interesting because it goes back to 1947, where…

The eurozone’s manufacturing sector is growing at its fastest pace in two years.  However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of…

This is a post which was originally published at A Fistful of Euros. “British or German taxpayers cannot finance the failures of others,” German Economy Minister Rainer Bruederle said at the World Economic Forum in Davos, Switzerland,…

If you are interested in politics, then this is a definite must see theater. It will give you a much greater appreciation of the personalities and positions. Better audio kicks in after a minute or so. The whole thing runs 66 minutes.…

Below is a partial list of December FDIC enforcement decisions and orders. I have only included cease-and-desist orders, prompt corrective action notices and termination of insurance orders as these are the signs of banking system distress.…

The BEA says: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009, (that is, from the…

The cartoon speaks for itself