Retail prices, as reported by the U.S. Bureau of Labor Statistics' Consumer Price Index, were unchanged in February, bringing the yearlong increase for the index down to 2.1 percent. Wholesale prices... read more »
I am reminded that perception is everything. Let's say I articulate the following to my wife, "Honey you look like the first day of spring today." She will probably be very pleased and... read more »
The USDCAD has moved to new lows at 1.0061 (trendline support). It is hard to see the USDCAD not testing parity soon. The upside should be contained by1.0097 now. read more »
"All bubbles burst when risk aversion reaches its irreducible minimum," former Fed chairman Alan Greenspan writes in a new paper-"The Crisis"-for the Brookings Institution. That... read more »
Although the price action in the forex market today suggests that currency traders are nervous, the jitteriness was not shared by equity or bond traders who sent stocks to new yearly highs and... read more »
As we have seen from the price action in the forex markets today, what is good for U.S. equities is not necessarily good for the U.S. dollar. The Dow Jones Industrial Average climbed to a 17 year... read more »
I don't know if Obamacare is going to pass the House or not. As of this morning, the Intrade pay-to-play betting parlor is giving a 75 percent probability that it will go through. So Intrade seems... read more »
Real-time Monetary Inflation (last 12 months): 2.0% It's that time of the month again. For our visit with the Bureau of Labor Statistics, I mean. Yesterday, the government released the February... read more »
Sometimes the waiting game is the only game in town when it comes to evaluating the economic numbers du jour. That seems to apply to this morning's updates in consumer inflation and weekly jobless... read more »
Tomorrow I will head for the Kauffman Foundation Economic Bloggers Forum. The program is very interesting and includes many panelists whom I frequently cite. I look forward to meeting and talking... read more »
