The recent mortgage foreclosure moratorium probably results in even more delays in cleaning up the millions of home foreclosures nationwide and means the return of a healthy real estate market is still years away. Jobless claims remain elevated, and unemployment…
The dog days of summer are over, kids are going back to school, but the economy and the stock market still seem stuck, up just slightly since Memorial Day. Interest rates are low, inflation is lower, and stocks are cheap…
With the first week of earnings season complete, we are encouraged by the good reports. We expect this current trend to continue as earnings and revenue growth are up. We also like the fact that $51 billion of cash came…
Paul McCulley, a managing director at PIMCO, coined the economic slogan "New Normal". This term signifies a "changing of the guard" for consumers and businesses alike. From 1982 to 2007, the U.S. economy grew at an impressive 6-7% annual clip.…
A year ago today, on September 15, 2008, Lehman Brothers, one of the largest and oldest investment banks in the U.S. filed for bankruptcy, and set off a financial collapse that was felt across the globe. It seems like a…