recovery

Note: I had corrected this post title due to the data from the BLS. However, the data were from last week as the embargoed data from this week had yet to be put up. I have amended it back to the original title and replaced the quote from…

One of the worrying things about the handling of the current European crisis is how many of those responsible for taking the decisions seem to view the Eurozone in a way which is every bit as rigid, timeless and dogmatic as the thinking of…

by Annaly Capital Management Bank of Canada Governor Mark Carney delivered a speech yesterday in Ontario that contained two observations that we think are certainly true: · “Insights from financial markets are somewhat fleeting at the…

by Comstock Partners The stock market rally is on shaky ground and severely overextended. It is being propelled by a combination of momentum-oriented trading strategies and dubious fundamental assumptions. The traders have no real…

This interview with Bloomberg is from last Friday (hat tip Scot). Bianco says that despite more benign trailing and coincident indicators, the decline in leading indicators supports his market-bearish view. The interview runs about 10…

by Comstock Partners For some strange reason a number of economists and strategists seen on TV and quoted in the press maintain that the exceedingly weak recovery we are now undergoing is really a "normal" or "average"…

Warren Buffett wants his street cred back! He's coming down on the side of most people on main street who believe the recession is still ongoing despite what the NBER stat gurus say. Reuters quotes: "We're still in a…

Below is the full hour-long "Investing in America" CNBC town hall meeting from this past Monday where President Obama took questions from concerned Americans on his plans for the economy. For those who don't want to…

The main street reaction to the NBER's determination of a recovery starting in June 2009 has been – as expected – angry. Here are a few sample comments to my post on the recession's end: Obviously we need to redefine…

by the Consumer Metrics Institute We founded the Consumer Metrics Institute precisely because we felt that the economic bureaucrats in Washington were out of touch with the economy that most of us live in. They remind us of those patients…