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January 2010



Huzzah! The Recession is over!...(sigh)...

January 29, 2010 – Comments (0)

First, GDP did NOT go up 5.7% during Q4: this is an annualized rate. It increased 5.7 ÷ 4 = 1.4% for Q4. For all of 2009, the economy went up about 0.5%. Technically, the recession is over: 2 quarters of consecutive GDP growth. To get all the ugly numbers, try: .   [more]



Magic 8 Ball -- will the market go up or down in 2010?

January 27, 2010 – Comments (3)

Oh, c'mon. Listening to assorted pundits and journalists recently has been amusing. The economy is on its way to recovery. The recovery will be gradual and really slow. GDP is headed for a double dip. The stock market is in a secular bull market. The market will trade sideways. The market is headed for another fall.  [more]



NY Fed speaks - very interesting

January 14, 2010 – Comments (2)

The president of the NY Federal Reserve Bank gave an interview to NBR. Transcripts of what appeared was aired is here:  [more]

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