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  • Trade Winds and the Tapped-Out Consumer

    International trade was back in the news again this week, and we're not referring to the old furor over NAFTA or Congress' intransigence on the free trade pact with Colombia . Instead, data released on Thursday showed a larger-than-expected widening of the trade deficit during February. On a...
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  • Hammerin' Hank

    Not a lot changed in the economic outlook this week, as the "r" word quickly becomes more and more part of the vernacular. Even Federal Reserve Chairman Ben Bernanke thinks it a possibility. On the employment front, payrolls contracted during the first quarter of this year, manufacturing and...
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  • Digging for the Goods

    This week brought us a few key indicators: consumer spending, durable goods orders and home sales (both new and existing). Although the personal consumption report showed income growth accelerating at the same time inflation was easing, consumers apparently remained a cautious lot since real spending...
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  • The Devil Is in the Details

    A hectic, roller-coaster week (yet mercifully short) on equity markets as everyone digested Bear Stearns collapse and its possible outcomes , a large interest rate cut by the Federal Reserve and piles of cash shifting away from commodities . On the data front, a handful of indicators offered a look at...
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  • Does America Need a Hug?

    If you saw the Oscars Sunday night, you’ll remember Jon Stewart’s psychological take on the dark, depressing slate of movies up for awards this year: “Does this town need a hug?” With more and more depressing economic and financial headlines these days, maybe the country needs a hug as well. Pounded...
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