Looks Like Quicksand…But It’s Really Quickcement

| February 29, 2012

So, how do we do it…deleverage we mean? Uh, well, we need to spend less on cars and gas, and food, and housing and…healthcare, and buy less other things, and save more – oh, sorry about that last one, nothing left to save….. From Today’s Bloomberg Brief: The slow pace of deleveraging will continue to weigh on growth over […]

Consumer Confidence Continues To Rise

| February 24, 2012

We wouldn’t call this a surprise. Judging from the waiting time at the local restaurants, people are in a spending mood….and to boot we see a lot more construction going on, especially in light of a huge commercial and housing overhang.  Confidence among U.S. consumers rose in February as Americans continued more hopeful about economic growth. The Thomson Reuters/University […]

Consumer Confidence In Trouble, But Come To Think Of It….So Is The Consumer

| August 30, 2011

Ugh….this should come as no surprise!  The consumer makes up over 70% of the economy. August consumer confidence fell from 59.2 to 44.2 … below the consensus of 52, and dropping to its lowest level since April 2009.  Even uglier is the 6 month outlook which fell from 74.9 to 51.9.

Coming Out Of The Eye (Calm) Of The Storm

| July 29, 2011

Economically speaking, things slow before they reverse.  That looks to be what we are doing currently.  Whether we slow down more next year, then go off a cliff, or skip that part and fall off the cliff in the next six months will probably be a moot point. The U.S government is broke and not hiring new workers for the first time in our lives. In addition they’re […]

Consumer Protection, Now That’s A Noble Idea

| October 1, 2009

Bernanke Urges ‘Strong’ Consumer Protection in House Testimony By Scott Lanman and Craig Torres Oct. 1 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke told lawmakers that protecting consumers of financial services is “vitally important,” while omitting prior criticism of an Obama administration proposal to shift such powers from the Fed to a new agency. […]

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