Continued declines in consumer debt

The Federal Reserve reported yesterday that in July for the sixth consecutive month consumer debt declined. Specifically, debt, sans real estate loans, declined 10.4%. This large drop was a record. Clearly consumers are taking out fewer loans for automobiles, and...

Even the CEO of Goldman knows…

Good morning everyone! I hope Labor Day was relaxing and rejuvenating for each of you. The Chairman and CEO of Goldman Sachs, Lloyd Blankfein, made some noteworthy comments in Frankfurt regarding investment bank compensation. He said that anger about ridiculous and...

Are we ahead of ourselves? (revisited)

For today’s post I wanted to excerpt a portion of a newsletter that my father in-law Steve, a financial advisor, receives. The following comes from “Leeb’s Market Forecast”: “It’s amazing that stocks have held up they way they have....

Economic news positive

Wow! I go away for a week and the economic stats are rosier suddenly. Maybe I should go away more often. Today saw many retailers post encouraging results for the month of August. Same-store sales nationwide still declined 2.9%, but this compared to an analyst...

Thank you Brett Arends

Hello everyone, First things first…Jamaica was magnificent. Dawn and I stayed at her parent’s place in Treasure Beach. I highly recommend this area of Jamaica to anyone for its unspoiled beaches, clean water, outstanding weather and sweet people. When I...