Today’s Personal Income and Outlays report shows personal income and consumer spending both rose by 0.5%. The same report shows year-over-year core PCE (Personal Consumption Expenditures), the Fed’s preferred measure of inflation, jumped to 1.7% from 1.4%. Bloomberg Econoday says a March
February 26, 2016
“When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals, runs on the bank, so to speak, that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core
Written by Rick Rieder There’s a view in some policy circles that easy monetary policy is good for an economy, and the more stimulus you add, the better…This latest stimulus is taking the form of negative interest rates, or charging banks to
Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) is the largest fine-dining steak house in the U.S. Ruth’s currently has 145 restaurants globally, 66 company-owned and 79 franchisee-owned units. The stock price has risen steadily since November 2014, when Ruth’s sold the Mitchell’s
ECRI’s WLI Growth Index which forecasts economic growth six months forward – continued its decline in negative territory. This index now spent 30 consecutive weeks in negative territory. ECRI also released its lagging index this week. Current ECRI WLI Level
The shocking start of 2016 made investors all over the world jittery, compelling many to shun riskier assets in favor of safe havens. In particular, the China turmoil and lower oil prices raised concerns over the health of the global
For most of the past few years it was easy to make the case that precious metals mining stocks were cheap. They’d suffered through an epic bear market, and in some cases were down 90% or more from their 2011
Here is a look at today’s economic data releases. This follows on to yesterday’s big bump in Durable Goods (+4.9% correcting a previous -4.6%). Graphic from MarketWatch The market is cheering the 1% GDP because after all, it beat the
Top ETFs Of 2016 So Far The first two months of 2016 are nearly over, and it’s been a rough year so far for long-side equity holders in general. The S&P 500 (SPX)(SPY) is down around -3.9% year-to-date (YTD) — but has actually
For the 10th week in a row (14th in last 15), the US oil rig count declined (down 13 to 400) to its lowest since Dec 2009. For now oil prices are undecided as while efficiency trumps the actual decline, the
