Holiday Retail Sales: Just What the Doctor Ordered?

Preliminary figures for holiday retail sales are in, and they are just what the doctor ordered—Dr. Bernanke, that is! As any investor must know by now, the Fed is trying to restrain inflationary expectations in the interest of long-term economic strength and price stability.  At the moment, this implies a period of small monetary constraint […]

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Economic Data Points and Interpretation

The issue facing investment managers is whether the economy is hitting what Dallas Fed President Richard Fisher calls "cruising altitude and speed" and we call The Glide Path (negatively cited by many as a "soft landing") or whether there is an imminent recession. Those who hold a the former view should be expecting the Fed’s […]

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Data We Have vs Data We Need

Analysts sometimes omit an important step in their research — asking whether the data available are right for the research task proposed. For our purposes, research may be roughly divided into three types: Historical,      where we study, explain, and interpret the past; Contemporary,      where we observe and measure current phenomena; and […]

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Roubini and Malpass on Kudlow

While doing my end-of-day routine tonight, CNBC on mute, I saw the familiar faces of Nouriel Roubini and David Malpass.  I backed up the TIVO so that I could watch the entire discussion. It is good TV, I suppose, and Kudlow loved it.  At the end of the segment he observed that the two of […]

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