Economy: the Elusive “Escape Velocity”
The strong labor market and recent emerging data indicate that the first quarter’s poor economic performance was due to severe winter weather and a 2 month long west coast port strike that disrupted many manufacturing production schedules. Yet, despite such data, the financial media and many bloggers continue to fixate on the inability of the […]
Reconciling Contradictory Data
Originally published in RGJ’s Business Section, Sunday, 4/5/15 The markets are still concerned about a weakening U.S. economy, as data from the industrial portion of the economy continues to show weakness, even in March. The ISM Manufacturing Index fell to 51.5 in March, its lowest level in more than 2 years; ADP indicated that private sector […]