Of rationality and window dressing

Hello everyone! I hope that everyone’s weekend was relaxing. Here in Santa Fe we had our first Indian Summer weekend with temperatures in the high-70s/low-80s. It was awesome. Last week’s stock market performance was the worst weekly performance since the...

Beyond belief: G-8 becomes the G-20

Wow! In an extraordinary development the Group of 8 (G-8) is diluting its power to become the Group of 20 (G-20). The G-8 is a collection of the 8 most economically developed countries in the world. This group has coordinated the economic policies of its members for...

Jobless claims still improving

I have said for sometime that the job market will be one of the last things to improve as the economy recovers. This is largely due to the expense of finding workers, training them, paying them and benefiting them. So businesses reluctantly hire. Last week the number...

Reality bites

For the month of August existing home sales were down 2.7% compared to July. This broke a string a four consecutive positive months. My opinion is that this data is a bit of an aberration from overall economic improvement. Also within the report was the fact that...