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May 6, 2011

Verdict on Bernanke’s first press conference

When I published 鈥淲ho Shot Goldilocks?鈥 in 2004, I recommended that the Federal Reserve announce rate decisions by communicating in plain English at a press conference where the chairman could […]

Apr 8, 2011

The Teflon market

Stocks recently enjoyed their best first quarter since 1998, and begin April on an upbeat note. For the first quarter of 2011, the Dow closed up 6.9 percent, the S&P […]

Mar 11, 2011

Just when we thought it was safe to go out in the woods…

Recent indicators show the world economy is strong. The U.S. Institute for Supply Management index just hit a seven-year high. Aided by U.S. workers dropping out of the workforce, according […]

Feb 11, 2011

Slow economic recovery yields few jobs

The stock market is often regarded as a leading indicator of the economy. If so, the market is forecasting a bright future. The underlying economy has shown growth in profits […]

Dec 10, 2010

Low job growth casts doubt on recovery

The U.S. economy added fewer jobs than expected in November. The weakness in the jobs report 17 months after the recession officially ended is a vivid reminder that we have […]

Nov 5, 2010

Victory leads GOP to House control

In the 2008 election, Independent voters supported Democrats by an 18 percent margin. In the recent midterm elections, they favored Republicans by 15 percent, and with that shift, the Democrat […]

Oct 12, 2010

After the best September for equity markets in 71 years, what’s next?

The markets last month recorded their best September since 1939. That was the month that Germany invaded Poland to begin World War II. For the month, the S&P 500 gained […]

Sep 10, 2010

Is this recession the new normal?

Fear lingers as worry of a double dip fades. What can the Federal Reserve do? The past quarter brought numerous gloomy headlines. The specter of a double-dip recession, a depression […]

Aug 6, 2010

Global economy in second quarter not so good

What a difference a month makes. The market experienced a healthy start this year. The first quarter showed the S&P with a credible, 4.9 percent gain. A global recovery seemed […]

Jul 9, 2010

A third depression?

In a recent article in The New York Times, Nobel laureate Paul Krugman raised the specter of a third depression for the United States. A Nobel Memorial Prize in Economic […]

Jun 11, 2010

What caused the crash of 2:45 p.m.

On May 6, at 2:45 p.m., the equity markets in the U.S. crashed without warning. During a unique 17-minute period, the market suffered the largest intraday decline in market history. […]

May 7, 2010

A slow economic recovery puts more focus on elections

Last month’s column, “Is there any good news among the grim?,” cited several instances of progress on the economic front. April has brought more good news, among still grim employment […]



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