Personal income increased 0.3% in July Brian S. Wesbury – Chief Economist Robert Stein, CFA – Senior Economist Date: 8/29/2011 Personal income increased 0.3% in July, matching consensus expectations. Personal consumption rose 0.8%, easily beating the consensus expected gain of 0.5%. In the past year, personal income is up 5.3% while spending is up 5.1%. Disposable personal income (income after…
We have certainly been experiencing a market with many crosscurrents, uncertainties and at times panic selling during the month of August and immediately prior. At one point some of the major indexes dropped around 20% in a matter of weeks, with quality individual stocks dropping more. We found ourselves in the middle of a major panic, where pretty much anything…
Received From Fred Lange at Lange Financial Services earlier this morning. We trust that Fed Chairman Bernanke, in his Jackson Hole presentation today, will concentrate on the economy and the level of growth that is likely to be witnessed into the year end and into 2012. We do not believe that a QE 3 is necessary nor should it be…
Obama and the ‘Competency Crisis’ Like many Americans who supported him, I long for a triple-A president to run a triple-A country. By MORTIMER ZUCKERMAN The rising impatience with the leadership of President Obama was epitomized on Aug. 8 in the middle of one of the now-habitual Wall Street roller coasters. His speech on the economy was 53 minutes late.…
Received this from Warren Mosler now: ——— Forwarded message ———- From: Warren Mosler Date: Thu, Aug 25, 2011 at 12:58 PM Subject: *Jackson Hole- comments tomorrow’s speech by Fed Chairman Bernanke To: First, I see no public purpose in burning any crude oil to fly the Chairman and his entourage to make a any speech. He could just as easily…
Brief Email we sent out this morning. Its relatively simple. Bottom line. If you believe in Steve Jobs and all he’s done, Given his track record and genius and leadership, then you MUST BELIEVE in who he has HAND PICKED and TRAINED for 8 YEARS since becoming ill to RUN the Company going forward. Simple as that. He knew who…
New orders for durable goods increased 4.0% in July To view this article, Click Here Brian S. Wesbury – Chief Economist Robert Stein, CFA – Senior Economist Date: 8/24/2011 New orders for durable goods increased 4.0% in July (4.7% including upward revisions for June). The consensus expected a gain of 2.0%. Orders excluding transportation rose 0.7% in July (0.9% including…
We at The Wall And Broad Report were talking with Fred at Lange Financial this morning. He gave us some of his input regarding Bernake’s speech coming up this Friday. After thinking about it we came up with our “We have A Dream For Friday” If our dream at Wall And Broad were to come true, Bernanke would show in…
Lesson From Europe (Take 2) No, social democracy doesn’t ‘work.‘ By BRET STEPHENS Wall Street Journal August 16, 2011 ‘The real lesson from Europe,” wrote Paul Krugman in January 2010, “is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.” Here are some postcards from the social democracy that…
Lange Financial Services- Market Update. August 14, 2011. 8:00pm By last Wednesday night, America was on sale as evidenced by the plunging stock market. Fear was evident building significantly especially toward the end of the decline. The popular indexes were down by about 20% over a thirteen day period. Our analysis showed the market was in a bottom area, prompting…
Van Eck Hotline on Money and the Economy For: Friday, August 12, 2011 (800) 219-1333. VetHotline@aol.com. Wow what a week! Since I last wrote to you, Standard & Poor’s cut America’s credit rating one notch, the stock market experienced some huge daily swings, market interest rates plunged and many people decided that the U.S is entering a depression. That is…
We are please to present this letter below to our visitors from Mr. Frank Stronach. INTRO FROM WALL AND BROAD REPORT Frank Stronach started with about $100.00, coming from Austria to Canada alone at a very young age, and founded Magna International Inc., initially making visor clips for cars in a small shop, sleeping in the shop on a small…
This morning, before the opening, Lange Financial Services said its time to buy stocks and mentioned some of their favored stocks. They emailed us earlier with a few more names to add to the list to consider buying. We wanted to mention them here for our readers. FFIV ORCL AXP MCD VMW FCX BTU FDX COST BWA This morning they…
Lange Financial Services Update. 8.11.2011 9:00am Over the past 13 days, the market as measured by the DOW has declined about 2000 points. Major factors for the extreme weakness include: 1. The loss of business and investor confidence created by the debt/ceiling fiasco. 2. Mounting fears of a lack of liquidity now impacting the AAA French/ Eurozone banking institutions 3.…