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    Economics / conference board, home prices, jobs, leading indicators, real estate, recovery, stimulus, unemployment, wages /

    Choppy Waters?

    May 19, 2011

    The Conference Board loves the publicity it gets whenever it releases its Index of Leading Indicators. Today it entered the ranks of those trying to manage expectations downwards. It told us that the drop of 0.3% in the index during April portends choppy waters ahead. This was the first time the index had declined in […]

    Economics / capacity utilization, GDP, home prices, industrial production, real estate, recovery /

    Dreary As She Goes

    May 17, 2011

    Today’s news matches the weather: dreary, below average, and dispiriting. This is supposed to be spring. It feels very far from that. I suppose there is no real news in the report that housing starts gave up what meager ground they had gained in March. April’s drop of 10.6% to an annual rate of 523,000 […]

    Commentary, Economics /

    Insider Trading and Wall Street’s [Un]Ethics

    May 16, 2011

    I’m bored with debt defaults. No one seems to worry about them, so I won’t. How about insider trading? That sounds like fun. The much heralded Galleon case and the guilty finding against a well respected money manger has confused Wall Street. The boys and girls down there are throwing a hissy fit. How can […]

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