Special Note: I'm in Miami this week, a mix of business and personal. I lived here for 30 years and we raised our family here but we moved to South Carolina a little over 3 years ago because we were tired of the traffic and, more than that, the irritability that comes with so many people crammed into such a [...]
When the going got rough, Bernanke…blamed the weather? It was September 24, 2008, amidst financial chaos the likes of which the entire world hadn’t seen since the early thirties. Hauled up before Congress’ Joint Economic Committee to explain what was going on, or attempt some kind of reasonable sounding explanation, Bernanke pointed to a few positives out there despite so [...]
US retail sales were disappointing in December 2019, though it depends upon your perspective for what that means. Unadjusted, total retail sales were 6.01% more last month than the same month of the prior year. It was the highest year-over-year growth rate since October 2018. The reason was entirely due to base effects. You might remember Christmas 2018 for its [...]
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