The power of faith is always impressive, and few demonstrate more faith than those who truly believe that California’s economy will always recover boundless economic prosperity regardless of policy. The true believers’ faith persists in […]
Read moreWe’ve seen more and more forecasters and analysts revising their forecast down. In fact, after being among the lowest for years, we’re now almost consensus. Remember, they came to us. Downward revisions to United States […]
Read moreJeff Speakes Volatility in financial markets has jumped sharply in recent weeks, thanks to the U.S. debt ceiling debate and ongoing financial crisis in Europe. For most investors this has been a period of great […]
Read moreJeffrey Speakes Downgrade On Friday, August 5 after the market close, Standard and Poor’s (S&P) announced a downgrade of U.S. Treasury debt from AAA to AA+. This announcement followed Congressional approval of a debt limit […]
Read moreMichael Puente and Dan Hamilton The BLS’s July Employment Situation was released today. Non-farm jobs grew by 117,000, highly focused on healthcare, (31,000), retail, (26,000), manufacturing, (24,000), and mining (9,000). Despite the increase in jobs, […]
Read moreContinuing my commentary on last Friday’s GDP release, here is a chart showing the revisions to real GDP growth. It might seem like some quarters are up and some are down, in effect a wash. […]
Read moreAs we and other analysts have already mentioned, the GDP report released Friday indicates that growth was slower than we thought and inflation was higher than we thought during the 2007 to 2010 period. 2011 […]
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