Durable goods orders are up 2.9% in April. New home sales rose last month. More and more statistical releases point to a continuing recovery. More and more it appears as if the Great Recession did end in July 2009 and we are,...
Read MoreEarlier, on March 25, I raised the question “Why Should China Change?” in my post, “Why Should China Change?” (http://seekingalpha.com/article/193689-why-should-china-change) The thrust of the post was...
Read MoreThe recent events in Europe have captured the attention of the world and taken the heat off of China and the value of its currency, the United States and the value of its currency, and financial reform in its various forms.The...
Read MoreWell, the Senate finally passed a banking reform bill. It is said that President Obama wants to sign the final bill around July 4.All I can really say about the bill is that it represents a lot of “sound and fury...
Read MoreGermany, and Angela Merkel the German Chancellor, clearly lost the battle over the bailout package and the European Central Bank’s move to buy bonds. (See “Where’s the Leadership in Europe,...
Read MoreThe economy seems to be picking up steam, yet bank lending does not seem to be keeping pace. Also, money stock growth does not give off positive signals in terms of how people are allocating their short-term assets in the...
Read MoreSomething is different this time. There is high unemployment, about 10% in the United States, and the politicians are crying that the political issue is jobs, jobs, jobs.The resultant policy should be to increase government...
Read MoreThe dust is clearing around the recent negotiations in Europe concerning the “bailout” bill and what we are seeing, at least to me, is unnerving.“France has won!” (“Paris seen as trumping Berlin at...
Read MoreThe news is out! Three perfect quarters!JPMorgan Chase and Bank of America join Goldman Sachs in turning in a perfect quarter. See “3 Big Banks Score Perfect 61-Day Run” at...
Read MoreThis may sound like a ridiculous headline, but it appeared in the Wall Street Journal today. (See http://online.wsj.com/article/SB20001424052748703880304575236132462861088.html#mod=todays_us_money_and_investing.)The reason for...
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