How do retail sales stack up in an atypical recovery?
Rob Parenteau, currency and credit markets expert, and editor of The Richebacher letter, analyzes the current state of the economy, as represented by retail sales. Can retail really drive the recovery?
Manias Panics and Crashes A History of Financial Crises Wiley Investment Classics
Manias Panics and Crashes A History of Financial Crises Wiley Investment Classics
Manias, Panics, [...]
The best way to get through a debt crisis?
What’s the best way to get through a debt crisis? Straight through was our advice last week. For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have been on the case that really serious problems have arisen. The Panic of 1920 – in which the US government did nothing but cut taxes and spending – was quickly forgotten. The Panic of 1929, on the other hand, was followed by massive rigging and jiving by the authorities. It took 20 years and a world war to overcome; today it is still remembered today as the Great Depression.
Martin Wolf, speaking, gravely, for the world’s intelligentsia…
The Gap’s revival is in its jeans
The economy is improving, but does that mean people will again go out and blow a few hundred dollars on designer jeans? I don’t know about you, but I certainly will not.Instead, I’m falling back onto old standby: The Gap (GPS).
Do you remember when G…
3 growth stocks for September
Don’t be afraid of the big bad wolf called the month of September. While it’s true that historically stocks don’t do well during this month, the more important factor is where we are in the business cycle.
After a recession, analyst estimates tend to b…
Get ready for ‘cash-for-washers’
With the Obama administration planning to wind down the popular $3 billion cash-for-clunkers auto rebate program, there is already talk of a similar program to encourage the purchase of new appliances.
The “cash-for-washers” program will start late t…