An approaching financial crisis — reality or myth?

The data seen so far in Q2 are somewhat better than Q1, and Q1’s real GDP growth has been upgraded from a miserable 0.5 percent to a miserly 0.8 percent. The U.S. economy remains in first gear, mainly due to the oil patch and continued sluggish manufacturing activity. With such poor results from a record-breaking […]

After review, media’s take on retail is reversed

“There are lies, damn lies, and statistics” goes a saying popularized by Mark Twain which describes the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. At dinner a couple of weeks ago with business colleagues and later repeated by another business acquaintance, comments were made about how poorly the retail […]

Economic recovery close to self-sustaining

Economic recovery close to self-sustaining Each and every day there is a consistent drumbeat that the equity markets are in nosebleed territory and that the end of the six-year bull market is close. Don’t believe it! Almost all of the underlying indexes, anecdotal evidence, and most of the headline data indicate that the economy is […]