I be the first one to admit I’m a pessimist on the economy, but not even I’m this pessimistic: Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing in his daily briefing to […]
Consumer Confidence
Weekly Initial Jobless Claims Rise… Unexpectedly… Yet Again…
This is getting silly, it seems like every time new jobless claims rise the media uses words like “unexpected’ or “surprising” to describe the news… There’s nothing surprising or unexpected about this week’s jobless report, not after reports on plunging new home sales in May, and the sharp drop in consumer confidence. Suffices to say […]