Consumers regaining confidence

Hopefully everyone had a relaxing Memorial Day. Yes? Travel? Barbecues? Hockey playoffs? Basketball playoffs? Whatever it was that you did, according to the Conference Board you did it more confidently! Consumer confidence, that all-important measure of the mood of...

Bad news = decline

Happy weekend everyone! And happy birthday to my mom! In a recent blog post I said that it would be interesting to see how the financial markets responded to the next piece of bad news. The reason was that there was a lot of mixed news hitting and the response from...

EU economic stats are getting grim

Hello everyone! In addition to tracking the U.S. economy and its travails, I have been closely following the other major economies around the world. In general, the story is not good. Rather than summarize an extant story I am just going to quote a story by the good...

What is wrong with these people?

Today’s Wall Street Journal published an article about the widespread practice of businesses privately taking out life insurance policies on their employees with themselves as the beneficiaries. Chances are if you work for a big corporation and are at least a...

Primus mortgage regulatorus

In yet another sign that the Obama Administration “gets it” they have announced plans to give a single regulatory agency the authority to oversee mortgages and other consumer-oriented financial products. Hurray! Another option would be the creation of a...

Rally ballyhoo

So I am guessing that most of you saw that the Dow Jones, and other stock markets, were up big time on Monday, yes? It was certainly a welcome reprieve, especially since the news that had driven the stock markets down so much over the previous many trading sessions...