General Economic Conditions

Healthier Consumer = Slowing Economy?

Healthier Consumer = Slowing Economy?
Various measures of employment and personal income, while arguably uninspiring for a recovery, point to improving economic health for the U.S. consumer.  More specifically, first time jobless claims have maintained a downward slope over the last twelve months and the monthly change in non-farm payrolls has trended up over the last twelve months with recent October and November jobs data… read more →

A Fork In The Road

A Fork In The Road
As one contemplates the strength of current and prospective macroeconomic conditions it is important to discount the feeling of goodwill on Wall St. engendered by a stock market which has proceeded up and to the right since the end of recessionary conditions. In fact, consider from September 30, 2009 to February 28, 2014 the S&P 500 Index has appreciated a… read more →

Flaps Down…

Flaps Down…
Although Q4 2012 ended with a whimper as GDP growth was a microscopic 0.1%; the consensus among 40 economists polled by the Federal Reserve Bank of Philadelphia (those optimistic buggers), was for an accelerating economy in 2013 as follows: Period Consensus GDP Growth Actual GDP Growth Q1 2013 2.1 1.1 Q2 2013 2.3 2.5 Q3 2013 2.6 ? Q4 2013… read more →
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