By Patricia Yarberry Allen, MD The loss of sexual interest among menopausal women has clearly become no longer newsworthy in this time of falling stock prices and rising unemployment. Otherwise, why wasn’t it big…
The University of Michigan has reported its preliminary consumer sentiment report for July. It seems that the “confidence” portion may be limping back towards impotence. The mid-July report showed a reading of 64.6, down…
World Bank president, Robert Zoellick, was born in Naperville, Illinois. He was educated at Harvard Law School and worked at Goldman Sachs and the State Department but still has the directness of a Midwesterner.…
The recovery seemed so certain just a month ago. The American economy would be out of the recession before the end of the year. A number of arrows have pointed in that direction. The…
Pimco’s Bill Gross on Wednesday released yet another self-serving, but intelligently written diatribe that suggests personal consumption may be constrained for a generation, and all asset classes other than bonds and dividend-paying stocks will…
Chicago Purchasing managers is frequently used as a preliminary vote for the national report from the Institute of Supply Management. This morning we saw the Chicago Purchasing Managers come in at 39.9. That is…
The unemployment rate for June is likely to go to 9.6% or higher according to most analyst estimates. There are anecdotes from all over the country that businesses which have cut people are prepared…
The old Fed and new Fed don’t get along. A day after the FOMC pronounced inflation nearly dead and said that the dynamics of the economic recovery would not allow it to overheat, Alan…
The Federal Reserve combined an optimistic view of the economy with a set of decisions to leave most of the formal plans it has made over its last two meetings unchanged, according to the…
The report for May’s Durable Goods came in better than expected at +1.8%, and that is still up at +1.1% when you remove transportation from the report. Even on an ex-Defense orders basis it…
It is normal for businesses to hire people back after a recession. The improvement in employment usually lags GDP recovery, but the trend is part of a normal cycle that comes at the end…
The brief moment of hope that housing had hit a bottom and that both the rate of home sales and prices would improve is slipping away. The pressures that will push prices down, by…
S&P says it does not like the huge rise in US government indebtedness. But, it clearly thinks the Treasury can make its debt service and eventually pay those hundreds of billions of dollars back.…
The United States needs to find ways to cut its trade gap by raising exports. Rising exports tend to mean more manufacturing in the US. Manufacturing increases tend to create jobs. According to Reuters, weapons shipments to…
The Mortgage Bankers Association Weekly Mortgage Applications Survey for last week is grim reading. Interest rates in the US are rising, some believe due to the need for the Treasury to consistently be in…