What We’re Reading 4-27-12
Congress Finally Takes on the Fed, George Melloan, The Wall Street Journal Why the Euro Isn’t Worth Saving, Matthew O’Brien, The Atlantic TARP: Billions in Loans in Doubt, McGrane, Sidel, and Sparshott, The Wall Street Journal US Tire Tariffs: Saving Few Jobs at High Cost, Gary Clyde Hufbauer,... Read the full story
VIDEO: Sell in May & Go Away?
Bernanke: Krugman Policy ‘Reckless’
On April 24 The New York Times Magazine published an article by Nobel Prize winning economist Paul Krugman. In his article, Krugman lambastes Federal Reserve Chairman Ben Bernanke for not doing more to help the economy. Krugman seems upset that Bernanke once advocated for greater intervention by the... Read the full story
Big Drop in New Orders a Bad Sign for Economy
More fallout from new orders came this month. Manufacturers’ new orders for durable goods fell the most since January 2009, the heart of the Great Recession. A late 2011 boost from temporary stimulus measures in the tax code is obscuring a trend of eight months of weakness in new orders. Particularly... Read the full story
What We’re Reading 4-20-12
How the Fed Favors The 1%, Mark Spitznagel, The Wall Street Journal Sowing Seeds of the Next Major Crisis, Francesco Guerrera, The Wall Street Journal Open sesame, The Economist VIDEO: Maximizing after-tax returns, Joel Dickson, Vanguard Read More →
Is This What a Recovery Feels Like?
A slew of industrial reports were released by the Federal Reserve this week. All of the releases’ headline numbers missed analysts’ estimates. The picture painted by the charts below indicates an uneven recovery hampered by residual weaknesses in certain sectors of the economy. The Empire State Manufacturing... Read the full story
VIDEO: Schiff: There is no real recovery; it’s phony
Income Investors: Be Not Afraid
The Problem Without congressional action the Bush tax cuts will expire in 2013. Expiration would lead to higher income taxes for all brackets, and lead to dividends being taxed at marginal income tax rates for middle-and upper-income filers. The potential for higher income tax rates on dividends is scaring... Read the full story
Jobless Claims Spike: Will the Fed Overreact?
According to today’s report, initial claims for jobless benefits spiked to 380,000, the highest since January (See chart below). Compounding the fear about the recovery in jobs was the less than stellar growth logged in payrolls last week. Only 120,000 jobs were created in March, substantially underperforming... Read the full story
VIDEO: What DOJ’s lawsuit against Apple means
