Tag Archives: federal reserve
Bringing About Our Own Special Misery
Consumer confidence laid a rotten egg in October. The Conference Board’s index of consumer sentiment was reported Wednesday at 39.8…its lowest reading since March of 2009. To put this in perspective, during a robust economy, consumer confidence readings are at … Continue reading
The Wrath of Inflation
The U.S. Bureau of Labor Statistics reported on Wednesday that inflation, as measured by the Consumer Price Index, increased 0.3 percent in September. Increases in energy and food prices were the main contributors to the rise. On an annualized basis, … Continue reading
The Way Out of Our Economic Mess
Something big is going on. You can just feel it. Unfortunately, the world’s two biggest clowns are on the case. On Monday, in between Wall Street’s 33 percent markdown of American Airlines’ stock, President Obama took a moment to markdown … Continue reading
Lurching Back into the Vicious Cycle of Recession
Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August. The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009. What this … Continue reading
