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....

Fear Dominates Reality

August 2, 2019 The consensus view is that growth outside the U.S. is crumbling which will, in turn, drastically reduce U.S. GDP growth next year.  Then this past week Trump introduced more tariffs on consumer goods from China which will, presumably, exacerbate that...