The next milestones

OK, so the heart of the 2nd quarter earnings season is past us now. The truly important companies, in terms of gauging a recovery, have reported: technology, banking and autos. The results were better than economists and analysts had expected. The stock market has...

Home prices rise for first time since ’06

Home prices from April to May rose 0.5% according to the Case-Shiller Index. This index tracks home prices in 20 markets considered to give a good cross-section of home prices. While not an amazing increase, it was the first time since July 2006 that the prices...

Regulator turf wars

For almost a year now I have said that long-lasting recovery can only come from important regulatory changes. We haven’t discussed this important element of future success much lately. Unfortunately, Congress and the public have lost interest in regulatory...

Earnings updates

Happy Friday! I hope that this post finds everyone smiling and doing well. Microsoft has had its worst 12 months ever as a public company. In the most recent quarter sales were down 17%, while net income was down 29%. Sales and profits were supposedly weak across many...

How the Fed plans to exit the bailout fray

A widely read opinion piece written by the Federal Reserve’s Chairman, Ben Bernanke, appeared in the Wall Street Journal yesterday. The piece was entitled, “The Fed’s Exit Strategy.” A summary of the piece follows along with my commentary....

Tons of updates

In an attempt to make the blog more readable, more often I have decided to provide brief updates on business news in a consolidated format. Interspersed will be the big opinion pieces. Hopefully everyone digs it. It should reduce folks having to slog through. *****...