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Both Citicorp and Merrill Lynch are suggesting the 10-year will yield 2.0% by year’s end. Merrill further stated this increase in yields will cause a 16.5% decline in the S & P 500 as valuations are...

The S & P 500 fluctuated and the NASDAQ little changed after manufacturing data topped estimates. The statistics also demonstrated manufacturers are struggling because of supply shortages and ...

In my view January’s labor report was strong in many dimensions.  Non-farm payrolls rose by greater amount in January than expected.  More importantly the December’s and November’s were revised higher.  The unemployment rate did rise to 5.7% from 5.6% but this was the result of...

Equities fell again yesterday as December’s retail sales disappointed, casting doubt on the thesis plunging gas prices will boost spending.  Some have argued the disappointment is the result of rising health care premiums, low labor participation rates, and increasing rent amplified by lack of wage...