WSJ: Numbers On Welfare See Sharp Increase



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
A close analysis of earnings reports from five companies over the last two weeks suggests to me that economic growth has peaked. The clearest example of a coming slowdown comes from $10 billion home furnishings retailer Restoration Hardware (RH). On…
We have revised the outlook on the U.K. to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approach 100% of GDP and remain near that level in the medium term. …
It’s very analagous to what happened with the residential market. Money was cheap, growth was rapid, and we built a lot more product than we needed. – Mark Friedman, a prominent Sacramento commercial developer Good article on the coming commercial…
There is something interesting happening beneath the surface in the market right now. While the S&P is on the verge of making new all time highs above 7,000, the stocks that are really working are defensive in nature. The S&P…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
There is a very interesting dynamic playing out in the economy right now that is almost certain to result in significant inflation. That dynamic consists in the reality of inflation as described by corporate executives, some examples of which you can read above, combined with the Fed’s refusal to admit that it’s anything more than “transitory”.