inventories

By Comstock Partners. Five years ago on the eve of another of the Fed's annual financial symposiums at Jackson Hole, we wrote the following: "Since 1999 when the financial bubble was in full bloom (due in large part to the Fed) we…

Below is a very good and nearly unfiltered 30-minute session with David Rosenberg of Gluskin Sheff. He speaks with the Wall Street Journal's Kelly Evans in the weekly "Big Interview" feature, a format I really like.  I have…

By Comstock Partners We have maintained all along that the statistical economic recovery would lose momentum after the effects of the stimulus and inventory replenishment wore off, and the recent data are confirming our view. Moreover…

By John Mauldin. "... has been brought about by policies which the majority of economists recommended and even urged governments to pursue. We have indeed at the moment little cause for pride: as a profession we have made a mess…

From The Consumer Metrics Institute On July 30th the Bureau of Economic Analysis ('BEA') released its "advance" estimate of the annualized growth rate of the U.S. Gross Domestic Product ('GDP') during the 2nd quarter of 2010. Per…

The ISM manufacturing index fell much more than expected, but close to what our models were foreshadowing — down 3.5 points, to 56.2 in June, the low-water mark of the year. The number of industries reporting growth fell to 13 from 16 in…

I have been very hawkish on protectionist rhetoric in the past, going so far as to call it the major risk to continued economic growth. However, I was on BNN's Headline show at lunchtime yesterday with Stacy-Marie Ishmael of FT Alphaville.…

The April 2010 Manufacturing ISM Report On Business® showed across the board strength in US manufacturing. The index hit 60.5 percent, a 6 year high and well above the 50 percent demarcation line between recession and recovery. The…

The US turned in a fairly robust quarter in Q1 2010, with real GDP growth meeting expectations at 3.2% annualized. This comes on the back of a very robust annualized 5.6% growth in the previous quarter. This is the best growth two-quarter…

The February 2010 Manufacturing ISM Report On Business® was released this morning. It indicated that the manufacturing sector was slightly less robust in February than January, with the PMI slipping from 58.4% to 56.5%. As 50 is still the…