Third Quarter 2010 U.S. GDP

This morning the results of the first pass at estimating gross domestic product for the third quarter just ended were released.  The U.S. economy grew 2.0% according to the Commerce Department.  This compares to a consensus expectation of 2.1% by economists. For...

Have we turned the corner on jobs?

This morning the Department of Labor said that weekly jobless claims fell by 21,000 to a level of 434,000 last week.  This is the lowest level of claims since July of this year.  Economists had expected that jobless claims would rise by 3,000.  Meanwhile, the...

The financial markets are a little light on news

You may have noticed that I have not posted yet this week.  Truthfully there really is not much happening in terms of the news flow.  Yet despite that the financial markets are at, or very near, their yearly highs.  In the past you may remember that I have commented...