Fed Study Shows "Persistent Fed Overoptimism about Economic Growth"; What Will They Do About It?

Since 2007 nearly every Fed economic forecast has been on the optimistic side. In an attempt to explain, a new Federal Reserve Bank of San F...

Diving Into the ISM: What's It All Mean?

This morning the Institute for Supply Management released its much followed Manufacturing ISM® Report On Business® . Index Jan Dec PP Change...

Total Construction Spending Weaker Than Expected; Residential Construction Spending in Contraction

Construction spending for December was weaker than expected. Lots of reports recently have been "weaker than expected". From Bloom...

Debt of Six Eurozone Countries Exceeds 100% of GDP, Two More Coming in 2015 (France and Spain)

In 2014 there were six eurozone countries whose debt-to-GDP ratio went over the 100% threshold. Two additional countries will pass that barr...

Four Trade War Questions; PMI Reports; Currency Manipulation Charges

With the declining yen, Japan's manufacturing PMI has risen eight months. In contrast, China has been wavering near the stagnation line ...

Cyborg Silliness; No Glory in Stupidity; If Jackasses Could Think

On January 18, in Graves Waiting For Bodies: Major War Escalation in Ukraine; In 5 Weeks Ukraine Out of Money I noted the rebels captured t...

More Obama Dead-on-Arrival Tax Proposals

Is there a point to beating your head against a concrete wall? The answer would seem to be "no", yet President Obama continues to ...