Good news abounds

Happy Friday everyone! Today’s post is about all of the good news that is permeating the press. Without further adieu… The savings rate in the United States hit its highest level in 15 years at 6.9%. This number is hugely important for the long-term health...

Durable goods orders up and big

Good morning, good morning! I hope that this blog post finds each of you doing well. May’s orders for durable goods was up 1.8%. What the heck is a durable good? These are the big purchases that consumers make like computers and washing machines. Do you remember...

It may seem like the sky is falling

Good day everyone! It may seem as if the sky is falling. After all, in the last several days the financial markets have nosedived…especially yesterday. However, I really don’t believe that things are as bad as they may seem. First of all, I warned several...

Little trick to evaluate sea change

OK, first of all. Before reading this post, I have to tell you that the post immediately below on the details of regulatory overhaul is more important, so read that one first, then come back here. Jobless claims data came out today and they were up very modestly, by...

Details of regulatory overhaul are finally public

Whew! OK, so my very first blog post last fall I said that the regulatory structure of the United States needed a big overhaul. And lo nearly 8 months later details of such a plan have finally been made public. Before talking about the details, President Barack Obama...