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Category Archives: Economic
Dr. Doom
Perhaps I should have listened closer to professor Nouriel Roubini when he was cautioning us about a looming foreign debt crisis. According a recent Financial Times article excerpt: He has continued to issue warnings since the crash. In early 2009, he argued that the banking crisis might not be finished. He also suggested that there [...]
Weekly Wrap
Another volatile week in the markets. I won’t go over the specific details, but the stock markets ended in the positive for the week. Dow +2.3%, Nasdaq +3.6%, S&P 500 +2.2%, and Russell 2000 +6.3% I’ve included the Russell 2000 small cap index this week because not only is it up 6.3% for the week, [...]
Weekly Wrap
Phrase of the week – never underestimate the power of greed and fear. These two emotions can cause markets to turn on a dime. Image Source: Gary Varvel Just how quickly can markets turn? For the week, the Dow lost 5.7%, the Nasdaq lost 7.9%, and the S&P 500 lost 6.4%. In just two weeks [...]
April ISM Manufacturing Index
Economic activity in the manufacturing sector expanded in April for the ninth consecutive month, and the overall economy grew for the 12th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®. The report was issued today by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ [...]
Gambling With Other People’s Money
Remember that entertaining economics video, Fear the Boom and Bust, that I posted on Guzzo the Contrarian in January? The same economist who created that video, Russ Roberts, a professor of economics at George Mason University, the J. Fish and Lillian F. Smith Distinguished Scholar at the Mercatus Center, and a research fellow at Stanford [...]