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Pity Romney

Maybe not. But on purely humanitarian grounds you have to feel sorry for him. Such is the toxic mix of the Republican platform that in order to make himself appear less plutocratic and to show his common touch he has to talk glowingly of his Romney care health reforms in Massachusetts, which is anathema to […]

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Here We Go A-Wallowing

This is what floundering looks like. Well, perhaps I am being a bit harsh. After all we had a couple of good reports earlier this week, and today’s news on new claims for unemployment assistance is fairly decent. But the final revision of second quarter GDP and the durable goods data confirm that the economy […]

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Consumer Confidence Rises Sharply

Let’s not get excited, but this morning’s Conference Board report on consumer confidence is quite surprising. The index jumped from a revised 61.3 in August to 70.3 in September, beating expectations and, perhaps, altering the outlook for growth. This is the highest reading for seven months and suggests that the summer’s downswing is well past. […]

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