Car and Truck Sales

October 2, 2019 Unit car and truck sales rose 1.1% in September to a 17.188 million pace after having climbed 0.8% in August.    During the last year car sales have declined 0.7%.  Car sales have been basically flat for the past couple of years and should continue to...

Solving the Wrong Problem

September 13, 2019 The European Central Bank provided a surprise dose of monetary stimulus this past week.  Not only did it cut interest rates, it announced a new bond-buying program designed to get the economy going.   However, policy makers in Europe and the U.S....