Where are we now?

The last several days of last week saw a new crop of economic data (see my post below). Because of their inconclusive direction, that perrenial investment question needs to be answered yet again: where are we now? This situation has been in place since March of this...

Examining the latest economic crop

Last week saw the arrival of a freshly picked economic data crop.  Let’s take a close look at some of the important data… In August U.S. consumer spending rose by 0.4%. This was the same level as for July. Analysis: While it is encouraging to see consumer...

Update from Sicily

Over the weekend my wife Dawn and I headed to Sicily for a vacation.  You might think that I have been preoccupied with food, wine and surf here in Taormina, and you’d be right!  However, I also have been tuning into the state of the Italian economy. Taormina is...