Posted by Leonard Steinberg on March 1st, 2013 As the SEQUESTER kicks in to-day, automatically cutting certain budgets across the board, the stupidity surfaces when you realize the cuts do not address the largest areas of the budget: entitlements. Imagine your household is having a budgetary crisis: would you cut the rent, the largest monthly… [Read More]
GDP GROWS 2.8% IN FOURTH QUARTER 2011: UP 1.1% FROM THIRD QUARTER
Posted by Leonard Steinberg on January 27th, 2012 GDP figures for the fourth quarter of 2011 were announced this morning and fell just slightly shy of estimates, although they were up 1.1% over the GDP of the third quarter. Consumer spending rose 2%: The great news was that housing investment rose significantly more than the… [Read More]
BLACK FRIDAY SHOPPING MAYHEM: A GOOD THING?……OR IS IT A SIGN OF INFLATION?
Posted by Leonard Steinberg on November 28th, 2011 Retail insanity was the order of the day starting mere seconds after the turkey and stuffing had been digested. Reports of fist fights, pepper spraying, gun-shots, etc highlighted American’s intense desire for a bargain. Retail sales were up over 8% over last year, setting new records. These are my… [Read More]