Results from FEDEX

Federal Express reported results yesterday and I wanted to highlight their numbers here on the blog to demonstrate why it is important to parse a business’s results. This is especially true because the tendency of media outlets is to emphasize the status quo....

Recent economic data

Hello everyone! Today brought some interesting economic news. For example, housing starts were up 17.2% vs. an expected rise of 7.0%. Housing starts represent the building of new houses. First, the actual number up vs. the predicted number up is significant. It is...

Proposed Republican regulatory reform

A week ago Wednesday loyal reader Nate asked me to comment on a news story which detailed House Republicans’ plans of regulatory reform. I apologize Nate but it has taken me awhile to get to the story. In summary, House Republicans proposed: 1 Failing companies...

Treading water

Happy Friday everyone! You may have noticed that the stock markets have been going sideways for a little while – no dramatic ups or downs of note. This is a very good sign that the markets are beginning to discount facts and not emotions – a good thing. By...

More encouraging news

By now you have all heard me say that what the U.S. consumer does largely determines what the U.S. economy does. You see it’s just a matter of the sheer mass of the U.S. consumer: 66-70% of gross domestic product comes out of our pockets. The Investment Company...