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No one expects the Federal Reserve to raise rates at the meeting this week. A rate change of any kind, either up or down, would be a complete stunner. Instead, the big news on monetary policy this week is very likely to be the Federal Reserve announcing it will begin gradually trimming its balance sheet […]
Last Friday was an interesting day. For years now, the US has consistently added jobs and the unemployment rate has steadily fallen. But, the Pouting Pundits of Pessimism keep arguing that a falling unemployment rate is only because of weak growth in the labor force. So, on Friday, when the employment data for March were […]
Now that we have made it to the halfway point of 2012, it is instructive to look back at the first half of the year and focus on how one might look at things going forward. As always, I also want to provide some perspective that you may not be getting elsewhere. This year, the […]