See if you can guess what economy produced the following year over year changes:
GDP growth rate +56%
Personal Income +4.35%
Savings Rate +23.91%
Fixed Investment +5.37%
Steel Output +10.32%
Business Sales +8.86%
Durable Goods Sales +12.2%
Factory Shipments +7.21%
Retail Store Sales +7.31%
Factory Orders +17.18%
Exports +12.58%
You wouldn’t know it from all the doom, gloom and fretting of the last few months, but this [...]
GM sold shares to the public last week some of which were previously owned by….the public. Anyone lucky or well connected enough to be allocated shares in the IPO was able to book a near 10% profit almost immediately while the less fortunate previous owners - that would be you and me - took a [...]
Some really good stuff from Richard Fisher at the Dallas Fed in a speech in San Antonio last week.
On what he reported to the other members at the FOMC meeting (emphasis mine):
The essence of what I reported to my colleagues when we met last week is that more things are moving in the right direction [...]
Quantitative easing explained using Xtranormal:
