Archive for May 2014

Chicken or the Egg

What comes first, demand or capital expansion?  I think we see the answer day after day.  The Home Depot numbers today show slow demand, and yet the CNBC commentators are talking about their expectations of increased capital investment this year….Continue Reading →

More Clarity

The recent NYT article “Crisis Management Rethough” by Binyamin Applebaum sheds some more light on clear thinking, something that all the talk by Tim Geithner seems to avoid.  See link here concerning a new book by Atif Mian and Amir…Continue Reading →

The PPI-CPI Disconnect

In the past couple of days we have more evidence of the disconnect between the bullish producers and the bearish consumers.  In essence producers bid up their input prices so they can build inventory for the bull market they know…Continue Reading →