The Coming Global Economic Upturn

The Coming Global Economic Upturn

There are a few misconceptions about the global economic outlook that I want to set straight. Between historical realities, current trends, and leading indicators there is a lot of room for confusion and outright misinformation. To make matters worse, the daily news...
Ten Big Steps down the Road to Recession

Ten Big Steps down the Road to Recession

First, a decline in manufacturing, and then a slump in service industries, now a broad-spectrum inversion of the yield curve hitting its most critical metric this week, unemployment finally starting to rise again, a one-year relentless housing decline across most of...