Markets

Wholesale Prices Drop in June; Economists Confounded

The Bureau of Labor Statistics announced on Friday that wholesale prices dropped by 0.2 percent in June. Economists were expecting an increase of...

Bob Adelmann July 10, 2020

Jobs Report Shows Nearly Five Million Jobs Added in June

Bob Adelmann July 2, 2020

The U.S. recovery is well underway, and ahead of most economists' expectations. ...

Dow and Employment Jump in May and June, Confirming Economy’s Rebound

Bob Adelmann July 1, 2020

Wall Street celebrated its best quarter since 1987, with the Dow gaining 17 percent from April through June, and private-sector employment increased by...

Retail Sales in May Set All-time Record High

Bob Adelmann June 16, 2020

The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7 percent, the largest monthly increase on record. ...

Fed’s Gloomy Outlook Sinks Stocks

Bob Adelmann June 11, 2020

Federal Reserve Chairman Jerome Powell’s assessment that the surprisingly favorable jobs report last week was likely a one-off blip is pushing stock prices...

The Bear Market in Stocks Is Over, Says Wall Street Guru

Bob Adelmann June 9, 2020

Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as...

Gun and Ammo Sales Spike Amid Coronavirus Fears and Civil Unrest

James Murphy June 5, 2020

Gun stores nationwide are reporting a sharp upsurge in sales amid first the COVID-19 scare and now the civil unrest occurring due to...

May’s Jobs Report Shows Strong Economic Recovery Underway

Bob Adelmann June 5, 2020

The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting more job losses and higher unemployment. ...

Trio of Reports for April Show Economy Might Be Turning Around

Bob Adelmann May 15, 2020

Three reports released on Friday give a glimmer of hope that the worst may be behind for the U.S. economy. ...

Pending Home Sales Dropped 20 Percent in March; Realtors Are Coping

Bob Adelmann April 29, 2020

Given sufficient motivation, it's remarkable what realtors are able to accomplish, even during the shutdown. ...

Trump Wants to Reopen the Economy. Will the States Follow?

Bob Adelmann March 24, 2020

If Trump’s reopening happens soon enough the economy will survive, revive, and build a stronger, safer and healthier country. ...

Don’t Panic: the Fed’s Offer to Stabilize Bond Markets Is not “QE-4”

Bob Adelmann March 13, 2020

Headlines from major financial sources virtually shouted that the Federal Reserve was suddenly employing “QE4.” It seems headline writers are suffering from the...

Fed to Hold Interest Rates Steady; Seeks Increase in Inflation

Bob Adelmann January 30, 2020

Fed Chairman Jerome Powell suffers from the delusion that smart people in high places with advanced degrees can beneficially manipulate a $22 trillion...