A nice piece of long-form content from the WSJ that explains the European crisis.
Dave over at ETF Digest (a required read for planners) posted an interesting chart yesterday that shows how the correlation between consumer confidence and spending, that had been so reliable, has broken apart. The logical assumption obviously being that the less confidence consumers had in the...
With so many contradictory data points it’s very tough to get a definitive answer that explains exactly where the economy is currently “at”. I thought this chart was a pretty good summary of just how bad it got in 2008-2009 and where we are now. It’s a graph from the US...
Sometimes you pick up news that seems to contradict with something you heard five minutes earlier. The area where you are hearing this frequently is the economy, so I thought I would start there with two stories I heard today. "Employers added 162,000 jobs last month, and employment numbers in the...
If you look at the data on credit, it's clear there's a massive shift underway. Consumers have become fanatical about cutting back on debt. October credit fell by $3.5 billion (-1.7% year over year). September's decline was dramatic, $8.7 billion. October marked the ninth month of declines, a trend...
Randomly surfing news channels yesterday, I saw an economic analyst from a leading investment bank talk about his thoughts on surging oil prices. Like a detective he pulled apart pieces of the story. He believed US demand for oil is in decline because people are cutting back on car usage. His...