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...

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...