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Last week automakers reported sales of 15.3 million, up from a low of 9.0 million in February 2009. The rise is due in part to ultra-low interest rates, but also to both a rapidly aging fleet and longer loan terms.…
Read MoreThe recent $13 billion bailout (60% of GDP) made by the IMF, ECB, and European Commission to Cyprus does not solve problems, it just delays them. With a post bailout debt-to-GDP burden of 140%, an economy that will shrink 20%…
Read MoreMarch employment numbers come out tomorrow and they will disappoint. ADP reported weak private sector job growth numbers yesterday, first time unemployment claims that came out this morning and were on the high end and sequestration will probably knock off…
Read MoreAs if more proof were needed that home building is rapidly improving, and that production builders are the biggest winners, Taylor Morrison plans an IPO to take advantage of the run-up in home builder stock prices. The planned IPO will…
Read MorePersonal income rose 1.1%, consumer spending jumped a robust 0.7%, the Fed’s preferred inflation gauge rose just 1.3% over the past year, consumer confidence increased, GDP for Q4 was revised up by 0.3% and house prices rose 8% year-on-year! But,…
Read MoreIn an effort to lessen the impact of the sequester on federal spending, the Interior Department will be selling corporate sponsorships to national parks. The first trial sponsorships include the Marlboro Great Smokey Mountain National Park in TN, the Skippy…
Read MoreThe Friday File: In an attempt to reduce concussions, the International Boxing Association will prohibit the wearing of headgear in competition! Absent helmets, it’s hoped boxers will refrain from using their heads as weapons, will have improved peripheral vision, and…
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