Nervous about being nervous

Right now as an investor I am nervous about being nervous.  What makes me nervous is that huge drop in Consumer Confidence in February.  I am also nervous that the “positive” economic data that keeps coming is barely positive.  In other words, it looks and...

Let the populist political fires rise

Happy Sunday to each of you! On Thursday U.S. President Barack Obama gave a speech to the U.S. Export-Import Bank.  Specifically he talked about a plan entitled, “National Export Initiative.”  In short, its primary goal is to double U.S. exports by 2015. ...

Guess what Lehman Brothers? You screwed up

Today the business news outlets are running wild with a report by a U.S. bankruptcy court examiner that lambasts Lehman Brothers.  The report holds Lehman Brothers, its executives and its auditor Ernst & Young responsible for the firm’s collapse. Most...

Pale sales

This morning U.S. retail sales figures for the month of February were published by the Commerce Department.  The data show that sales were up 0.3% vs. an expected decline of 0.3%.  Interestingly, January’s retail sales figures, originally reported as being up...

Financial overhaul bill

Christopher Dodd, a Senate Democrat from Connecticut and chairman of the Senate Banking Committee, is set to introduce the Senate version of a financial overhaul bill passed in the House of Representatives in December.  Dating back to some of the original postings I...