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February 2012 Economic Overview

February 2012 Economic Overview

The world economy is sluggish, but not moribund. Pessimism is overdone. Latest statistics especially in manufacturing were better than expected. The world economy is sick. Politicians are doing little to help matters. Yes the world seems to have slipped into recession, but it is expected to be short and shallow. Uncertainty is still acute and [...]

November 2011 Economic Overview

November 2011 Economic Overview

In the US, orders for big ticket items fell in September and durable goods orders fell 0.8% the third decline in four months. While this year has been a difficult one for many sectors of the American economy, the housing sector—little by little, and bit by bit—has been firming up over the course of 2011. It is not dead as a stout, but [...]