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With Q3 GDP growth just revised up to 3.9% and Q2 GDP growth at 4.6%, the last six months have been the best stretch of GDP growth in over a decade. But year-over-year growth is still just 2.4%, compensation growth…
Read MoreAs China’s economy slows, many are overly complacent and point to $4 trillion in foreign reserves that can always be spent to cushion any downturn. The problem is repatriating those funds would mean selling US Dollars and buying Chinese Yuan.…
Read MoreWhile the rest of the planet economically cools or worse, goes into reverse, today’s data shows that the US economy is doing well. First-time weekly claims for unemployment insurance fell and are remarkably low, existing home sales rose 1.5% and…
Read MoreWith Q3 Japanese GDP growth coming in at -0.4%, Japan is back in recession for the third time since the end of the Great Recession. Amazingly, since the start of 2010, Japan has been in recession 47% of the time…
Read MorePresident Obama’s looming decision to grant amnesty to millions of illegals via Executive Order following a political drubbing is incomprehensible. It suggests Obama believes he can’t pass immigration reform through legislation, and is willing to deprive the next president the…
Read MoreThe Friday File: Between 1976 and 2000, Americans used an average of 20.3 vacation days/year. Since then, it’s steadily declined and now stands at just 16 days/year. As some of the unused days cannot be paid out, banked or rolled…
Read MoreWhile US exports are weakening, don’t worry. Exports account for just 14% of US GDP, less than for any other developed nation. Exports account for 30% of Canadian GDP, 51% of German GDP, 15% of Japanese GDP, and 53% of…
Read MoreIn a very close election, Brazilians recently re-elected Dilma Rouseff. The result: the Brazilian real fell 2% and is near a 10-year low, and the stock market fell almost 3%. Worse, Brazilian sovereign debt is close to being downgraded to…
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