Capital Commerce


November 2007


Economy Continues to Boom Despite Woes

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Yes, the economic growth numbers for the third quarter were revised sharply upward today, from 3.9 percent to 4.9 percent. And no, you shouldn't suddenly feel better about the economy—well, at least if you listen to the bears on Wall Street and their media megaphones. The pessimists say that the ...

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TAGS:
economy
economics

Consumers Cry All the Way to the Mall

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Yes, yes, those consumer confidence numbers yesterday were lousy. But let's see, Wal-Mart says Black Friday sales exceeded their expectations by 40 to 60 percent. And my guys Brian Wesbury and Bob Stein over at First Trust Advisers tell me:

Early holiday shopping reports show little reason ...

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TAGS:
shopping

Does America Really Need a Recession?

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Given the credit crunch, mortgage meltdown, and higher oil prices, it's certainly understandable why people would be wondering if the economy might be headed for a recession. But some folks have gone further. Some almost seem to want a recession. Newsweek columnist Robert Samuelson recently wrote ...

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TAGS:
recession
economy

Why a Recession Is Still Unlikely

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The econ team over at Morgan Stanley thinks we can avoid a recession. Here's why:

1) "A powerful global growth dynamic will continue to fuel not just U.S. output but also U.S. employment and income growth." (My translation: Thanks, Asia!)

2) "Capital and hiring discipline and aggressive inventory ...

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TAGS:
economy
recession

Are Hedge Funds Breaking the House of Saud?

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In September 1992, George Soros became globally famous when he shorted the pound, eventually forcing the Bank of England to pull it out of the European Exchange Rate Mechanism and devalue. The man who "broke the Bank of England" earned a whopping $1.1 billion in the process. It almost looks as if a ...

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TAGS:
oil
OPEC

Letting in the Sunshine

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In his blog, CNBC’s Larry Kudlow asks: If things are so bad, why are they so good?

The last two quarters are the strongest [gross domestic product] in four years—just about 4 percent real growth. Consumer incomes are 4 percent ahead of last year, after taxes, after inflation. The booming ...

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TAGS:
GDP
economy

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