Minutes from the last Fed meeting were released yesterday and the Fed is covering the bases. While some want to raise rates in June, most don’t as they see more downside than upside risk, including weakening exports and a worsening…
Despite a generally strengthening economy, the combination of surprisingly cold weather in the Northeast and parts of the Midwest and declining capital expenditures (due primarily to falling oil prices and weak exports due a strengthening dollar) will reduce Q1 GDP…
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Click to read more about Dr.Eisenberg’s talk at DMAR event on Inside Real Estate News.
Despite sharp rhetoric to the contrary, the GOP will nevertheless fund the Department of Homeland Security after 2/27/15 and will raise the debt ceiling when it becomes necessary later this year because doing otherwise will make them look profoundly stupid.…
The Friday File: After peaking at 19.6 billion catalogues mailed in the US in 2007, (that’s 65 catalogues per/person and 163/household) the number of catalogues shipped rapidly fell to 11.8 billion in 2012, but rose slightly to 11.9 billion in…
This week, Apple’s market capitalization surpassed $720 billion. While a truly mind-boggling amount, equivalent to roughly $2,200 per person in the USA, or three iphones, it also ranks Apple as the 24th largest nation on the planet based on GDP.…
Last Friday’s employment report was sizzling. Net job creation in January came in at a better than expected 257,000, December employment growth was revised upwards to 329,000 and November’s to a whopping 423,000, the most since 5/00. Better yet, the…
Two weeks ago, the Department of Labor reported that private sector employee compensation rose 2.3% Y-o-Y, the highest level since the start of the Great Recession but quite low. Last Thursday, the DOL reported that unit-labor-costs, a measure of worker…
If US long-term interest rates are falling because long-run inflation expectations are dimming, the Fed should wait before raising short-term interest rates. But what if our long-term rates are declining primarily because foreigners are pouring money into our long-bonds because…