Consumers still spending less than they earn!

Since the early days of the blog, and the Great Recession, I have been saying that I hoped the U.S. consumer would be weaned from his/her spend thrift ways.  For way too long consumers spent more than they earned.  But the data for most of 2010 have consistently shown...

An important jobless claims milestone

This morning initial jobless claims data were released by the U.S. Department of Labor.  The figures were: initial claims fell by 34,000 to 407,000 – this is the lowest level recorded since July 2008.  The four-week moving average for the figure was down 7,500...

The tottering point

You may have heard of the famous book, “The Tipping Point.”  The title is so perfect, that even for folks who haven’t read the book, they understand the point of the book immediately.  That is, there are many things in life that are in one realm, yet...