Earnings Catch Wall Street by Surprise
Last week the market was surprised by an unintentionally early release from Google, which reported earnings much lower than analysts had expected. But Google...
The Truth about Last Week’s Jobless Claims
Last week we cautioned you to be skeptical of the weekly jobless claims numbers. They didn’t include quarterly claims from California, the nation’s most...
The Great Gold Bull Market
In the last five years the price of an ounce of gold has increased 131%. Easy monetary policies and the downgrade of many sovereign...
Manufacturing’s Renaissance Faltering in New York
For the third consecutive month, the Empire State Manufacturing Index indicated that the manufacturing industry in New York is declining. Any value below zero...
Jobless Claims Jive
The report on weekly initial jobless claims was released this morning to much fanfare. The number of new claims fell by 30,000 to 339,000,...
High Gasoline Prices are Hurting the Economy: We Can Help
The chart below illustrates quite well how a Federal Reserve policy of easy money meant to “bring down unemployment” is hurting most those it...
Stimulus Fading, New Orders Falling
The trend of slowing annual growth in new orders was completed this month with a sharp decline in for the first time since November...
Fed Looks to Ramp up QE-Infinity
Jon Hilsenrath, the Fed mouthpiece at the Wall Street Journal is out with a piece this morning describing how Mr. Bernanke built a consensus...
The Peril of a Monetary Politburo
We’ve written plenty about the Fed and QE-infinity on this site over recent days, so we had planned to lay things to rest for...
Bernanke: To Infinity and Beyond!
In case you missed it, last week Ben Bernanke rolled out another misguided money printing campaign. This isn’t QE3, it is QE-infinity. The Bernank...