Shocking Admission & Denial from Alan Greenspan
* Government released revised estimate for Q4 GDP * Initial estimate was 2.6; revised down to 2.2 * Economic growth dipped from 5% in Q3 to 2.18% in Q4 * PMI was expecting 58.7 but plunged to 45.8,...
28 Feb 201523min
Fed Might Begin Thinking About Raising Rates at Some Point – Ep. 56
* Janet Yellen's prepared remarks were the most dovish yet * If economy is improving, why do we still need "a high degree of accommodation?" * There is still room for "substantial improvement in the...
26 Feb 201530min
Hollywood Hypocrisy and Gender Pay Gap Fiction – Ep. 55
* Patricia Arquette claims that there is a still an unfair gender wage gap in the labor market * If that were true, all employers - male and female - would hire women first, because they are more cos...
24 Feb 201529min
Fed’s Open Mouth Operations Having Complications – Ep. 54
* Two days of bad economic news this shortened week * The Fed still says the economy is recovering * Recent FOMC minutes maintains pretense they can raise interest rates * FOMC members are worried ...
19 Feb 201520min
Investor Confidence Sends Stock Indexes to New Highs – Ep. 53
* Friday 13th was not unlucky for Wall Street * S&P 500 traded to an all-time record high * The Dow closed above 18,000 * NASDAQ at almost a 15-year high * Despite overall trend of weak corporate ...
14 Feb 201521min
I’m Living in an Economic Twilight Zone – Ep. 52
* China announces a record trade surplus * Media reports surplus as bad news for China * Because of the strength of the Yuan, Chinese can buy more imports for less * Chinese consumers purchasing mo...
10 Feb 201527min
Despite Slowing Economy, Job Growth Speeds Up – Ep. 51
* Monthly non-farm employment number beat expectations * Upward revisions to prior months * Average hourly earnings number jumped by .5 * Immediate reaction in the market was swift * Dollar up; go...
7 Feb 201519min
Are Forex Markets Finally Acknowledging the Slowing U.S. Economy?
* Volatile day in the markets * Largest decline in Personal Spending since September 2009 * Wages and Salaries gain slowest in 7 months * December ISM Manufacturing Index down to 53.5 * December E...
4 Feb 201530min
