The April Wall Street Journal Economic Forecast Survey

The April Wall Street Journal Economic Forecast Survey contained a couple items of interest. First, an interesting quote in the survey: “”The Fed dropped the funds rate to near zero due to a fast and sharp decline in economy. Having avoided a 1930s-type scenario, is a 0% policy rate still justified?” said Joseph Carson of … Read moreThe April Wall Street Journal Economic Forecast Survey

NFIB Small Business Optimism – A Few Comments

On April 13, the NFIB put out a notable press release. Although the entire press release is worth reading, here are some notable excerpts: “The March reading is very low and headed in the wrong direction,” said Bill Dunkelberg, NFIB chief economist. “Something isn’t sitting well with small business owners. Poor sales and uncertainty continue … Read moreNFIB Small Business Optimism – A Few Comments

BusinessWeek Article: “The Case For More Stimulus”

The April 19 BusinessWeek has a story titled “The Case for More Stimulus,” along with this interesting accompanying chart (pdf), “Stimulus That Makes a Difference.” Of course, those familiar with this blog know that I tend to disagree with this type of article on various fronts. One question (among many) that supporters of further stimulus … Read moreBusinessWeek Article: “The Case For More Stimulus”

Food Stamps

I came upon some statistics with regard to food stamps.  The program is called “Supplemental Nutrition Assistance Program,” or SNAP. The figures are impressively large, unfortunately.  As well, the growth rates are brisk. Here is a table showing the Number of People Participating; as of January the figure is 39,430,724 up 22.4% from year-ago levels. … Read moreFood Stamps

Asset Bubble Speech By William C. Dudley

Yesterday William C. Dudley, President and CEO of The Federal Reserve Bank of New York, gave a speech titled “Asset Bubbles and the Implications for Central Bank Policy.” Although there are many parts of this speech with which I disagree, I found this speech noteworthy and interesting. I could make exhaustive comments about many parts … Read moreAsset Bubble Speech By William C. Dudley

The Threat Of Rising Interest Rates

As seen on the following 10-year daily chart, the 10-Year Treasury Yield has been rising as of late: chart courtesy of StockCharts.com There is very little general expectation for a significant rise in interest rates.  In fact, the average economist forecast (as seen for the March 2010 Wall Street Journal Economist Survey) for the 10-Year … Read moreThe Threat Of Rising Interest Rates

Stock Market Capitalization As A % Of GDP

Recent statistics indicate that the stock market capitalization as a percentage of GDP appears to again be over 100%. This is an elevated level from a historical perspective. I’ve written of this metric before in an article titled “Does Warren Buffett’s Market Metric Still Apply?” I feel that for many reasons this is an important … Read moreStock Market Capitalization As A % Of GDP