For various reasons that will be discussed below, we are lowering our 2010 real gross domestic product (GDP) forecast. At the same time, we are publicly unveiling our

Much is being made of late of the out-performance of gold mining stocks vs. stocks in general in the early 1930s. Charts 1 and 2 show the behavior

After hitting a cycle high of 1217.28 on April 23, 2010, the S&P 500 stock market index fell by 10.65% in the following 20 trading days. The media

More and more we are hearing that occupants of residential real estate with mortgages far in excess of the current market value of the real estate are choosing

We mentioned in our April 2010 U.S. Economic and Interest Rate Outlook [It's Been A While] that the ongoing contraction in commercial bank lending was an important factor

Central banks across the world took largely synchronous measures to contain the financial panic which began in the summer of 2007. Central Banks in 2010 - The Cacophonous

Whether it is Greece or the US, it seems as though the headline du jour involves government deficits and debt. The Obama administration has taken a lot of

Not so fast for the economy, for inflation and, therefore, for Fed tightening. The Commerce Department’s first guess at Q4:2009 real GDP growth of 5.7% is likely to

Does Anyone in Washington Know What Needs to Be Done to Create Jobs? Does Anyone in Washington Know What Needs to Be Done to Create Jobs? This is a question