Month: August 2016

Inflation, as measured by the personal consumption expenditure index, the Fed’s preferred measure, was just 0.9% for the year ending 6/16, and core inflation (which removes food and energy) was 1.6%, both below the Fed’s 2% target. However, goods inflation…

When investors were recently asked what the likelihood was of a crash similar to Black Tuesday (October 29, 1929) or Black Monday (October 19, 1987) occurring during the next six months, the median response was 10%. The actual probability, 1.7%.…

Last week, we learned that the seasonally-adjusted homeownership rate declined to 63.1%, the lowest level since 1965, yes 1965, and a steep fall from the peak of 69.4% in 04Q2. Since the start of the recession in 01/08, there’s been…

The US economy sputtered in Q2, growing at a rate of just 1.2%/year! Consumer spending rose a strong 4.2%, exports jumped 1.4%, and real final private sales increased 4.8%. But, government spending was down 0.9%, residential fixed investment declined 6.1%,…