Surge in car sales is important

The Wall Street Journal reported yesterday that U.S. auto sales were up 11% in December. Analysis: This is, again, an important economic figure.  The reason is that it shows that U.S. consumers are feeling better about their long-term financial situation and to a...

Payrolls rolling on!

This morning payroll processing firm of massive proportion, Automatic Data Processing, reported that its estimate of December job creation in the United States was 297,000.  The expected gain by a gang of economists was 100,000. Analysis: Clearly this is a very, very...

Acquisition activity surged in 2010

Thomson-Reuters data shows that merger and acquisition activity rose to $2.4 trillion in 2010.  This marks a 23.1% rise over 2009. Analysis: During the height of the Great Recession (March ’09) I pointed to the rise in merger activity as a sign that important...

The sort of stock market surge I hate

Yesterday was party day across the world’s equity markets.  The Dow Jones Industrial Average (DJIA) was up 0.8%, the Standard & Poor’s 500-stock Index was up 1.1%, the NASDAQ Composite was up 1.5%, the German stock market was up 1.1%, the French stock...