Category Archives: Economy & Markets

Americans in Best Holiday Shopping Mood in Years

According to the latest survey from Gallup, Americans’ 2017 Christmas shopping plans suggest that retailers could see the best holiday sales in years. Gallup’s survey in October found that the average American respondent plans to spend $906 on Christmas and holiday gifts this year, up sharply from $785 this time last year. That represents one… Continue Reading

30-Year Anniversary of “Black Monday” – Dow Down 23%

Today is the 30th anniversary of “Black Monday,” October 19, 1987, when the Dow Jones Industrial Average plunged 508.3 points, or almost 23%, in that one day. It was and is the worst single day in US stock market history. At today’s lofty levels, a decline of 23% in a single day would mean the… Continue Reading

Optimism Is Surging in America, Despite Dislike of Trump

We have numerous gauges of consumer and business confidence, and virtually all of them are surging higher this year – many are at all-time highs. This is despite the fact that President Trump is reviled by the left (and some on the right) and has approval ratings that are in the dumps. Today, I’ll start… Continue Reading

Why Inflation Is Missing In Action – Think Technology

Economists and financial analysts around the world are scratching their heads about why inflation remains so low, despite the recent upturn in the US economy and most other countries in the developed world. For over a century, we have been schooled to think that when the economy and consumer spending are rising, prices should move… Continue Reading

Trump Tax Cuts – Many Americans Don’t Want Them

President Trump unveiled his plans for tax cuts and tax reform yesterday at an event in Indianapolis, Indiana, and most pundits declared them dead on arrival. Meanwhile, several recent polls suggest that many Americans don’t want Congress to pass tax cuts at this time. For example, a recent poll cited in Investor’s Business Daily found… Continue Reading