Jobless Claims Improve Again

  Amidst the filth and the fury of stock market rises and falls this week economic data have kept chugging away.  Yesterday the Department of Labor reported that initial jobless claims data have improved again, falling by 7,000 this week to a level of 395,000...

A New Measure of Real Economic Growth

  I have spent some time with historical economic data over the last several days to try and establish a new measure of real economic growth.  The work, which I will be sharing below, is something that, philosophically, I have been working on for many years. Back...

Brief Update About Mood of the Financial Markets

  Today saw the Dow Jones Industrial Average close up 429.92 points, or up 3.98%.  Meanwhile the broader stock index, the S&P 500, closed up 53.07 points, or 4.74%.  Given this surge, let me provide a brief update about the “mood of the market.”...

U.S. S&P Credit Downgrade

  By now you have heard that ratings agency Standard & Poor’s downgraded the credit rating of the United States to AA+ from its vaunted AAA.  Investors around the world seemed to take this opportunity and this moment to sell, sell, sell their equities. ...