The stock market rallies 900 points on Paul Krugman winning the Nobel. Why not this is as good a reason as you often see in the popular press?

By Spencer Just a little different way of looking at the data. One of the constant comments is that stock plunges like this are buying opportunities because markets always come back. Obviously, the people saying this are not including the Japanese stock market in their sample. The Nikkei 225 is now almost back to where […]

spencer National debt now exceeds 10 trillion dollars The national debt is now too big for the national debt clock. Way to go Team Bush. Actually, this just demonstrates that the major problem with Sarah Palin is that she governs like a republican. As mayor of Wallisa she: 1. Cut taxes. 2. Spent like a […]

by Spencer So much for Sarah Palin’s claim that Republican tax cuts create jobs. In the post WW II era every Democratic President has left office with a lower unemployment rate than they inherited from their predecessor while only one Republican president left office with a lower unemployment rate than they inherited. That was Ronald […]

By Spencer John McCain showed up without running mate Sarah Palin, which is a shame because she actually has a lot of experience with financial matters. You know, she lives right next to a bank.

By:Spencer Subject: time for unity There are about 2 months until the election, an election that will decide the next President of the United States. The person elected will be the president of all Americans, not just the Democrats or the Republicans. To show our solidarity as Americans, let’s all get together and show each […]

By Spencer While Congress fiddles and postures it might be informative to look at two highly reliable leading indicators of world economic growth. The first is the Dry Ships Index of various daily bulk cargo rates. Over time this has proven to be a highly sensitive leading indicator of world economic activity. About half of […]

By Spencer The advance durable goods numbers are not reassuring. The unsmoothed total orders were down 4.5%. Although the monthly data is very noisy, the smoothed data is also showing weakness as the apparent rebound over the previous two months disappeared. Clearly, the data peaked last year and is trending down with no signs of […]

by spencer Dear American: I need to ask you to support an urgent secret business relationship with atransfer of funds of great magnitude.I am Ministry of the Treasury of the Republic of America. My country has hadcrisis that has caused the need for large transfer of funds of 800 billiondollars US. If you would assist […]

I’m on vacation, but had time to notice with all that is going on in the financial markets nobody noticed that industrial production fell 1.1% in August. Moreover, the June and July data were revised down. This is another observation supporting the analysis that third quarter real GDP growth will be very weak and maybe […]