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Consumer Confidence … Up?

Given that only yesterday I was reporting on the Conference Board’s data showing that US consumer confidence had fallen for the second straight month, you can imagine my surprise when I came across a report from Nielsen with the headline: “US Consumer Confidence Up For First Time Since 2007”. The report comes through the Reuters […]

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Pre-GDP news

As we wait for the GDP release later this week we are still getting insight into the state of the economy courtesy of the normal flow of lesser data points. For instance today we learned that home prices edged up 1.2% in August – that came from the Case Schiller index; and that consumer confidence […]

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Banking: Lessons From Goldman

It’s a slow day for economic news, especially since I think we’re all waiting for the GDP announcement later this week when we’ll learn the extent of the recovery now underway. With that in mind I want to extend my recent run of comments on banking by taking a very quick look at Goldman Sachs, […]

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