recovery

This quote from President Obama comes via Brad DeLong: We've got a long- term structural deficit that is primarily being driven by health care costs, and our long-term entitlement programs. All right? So that's the baseline. Now, if…

The Census Bureau came out this morning with a report on “Manufacturer’s Shipments, Inventories and Orders” for October. The report was bullish as it showed new orders for manufactured goods rising for the sixth time in seven months. But,…

In the past few weeks I have been alarmed about the growing debate about deficits and taxes, so much so that I have moved to a double dip baseline from one of a multi-year recovery.  I find it in total disregard of past economic…

"This is definitely a threat on the horizon," said Blaise Ganguin, the agency's European credit chief. Some 75 companies large enough to be rated face likely default in 2010 as the slow-burn effects of the crisis hit home.…

This comes via the Wall Street Journal: Highway-construction companies around the country, having completed the mostly small projects paid for by the federal economic-stimulus package, are starting to see their business run aground, an…

Below is another great article from John Mauldin via his weekly newsletter, this time featuring John Hussman who is talking double dip and depression. My last post shows I am very concerned about this scenario – which I see as likely - and…

If you want to get a leading indicator of how retailers are doing, going online is definitely the best way to get up-to-the-minute data. Not only is the data coming out of online retailers much more real-time, there has also been a huge…

Unemployment claims dropped dramatically to 466,000 this past week. This is the best data on the unemployment front we have seen in a long time. The prior week’s claims were also downwardly revised for the first time in a while. These…

Remember the fabled Goldilocks economy that we had during the Great Moderation: A Goldilocks economy is a not too hot or cold economy, sustaining moderate economic growth and a low inflation allowing for a market friendly monetary…

Bonds like this. Let’s see how the stock market reacts to this. Pre-market data show no big moves. From the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United…