Economics and the Return of History?

In Friday’s edition of NY Times, David Brooks wrote a very interesting column (link) discussing the state of economics. Although subtle and rigorous in its assertions I doubt that the field of economics needs a fundamental change in the philosophical origins of economic methodology. I agree with the author that economists often ignore the . . . → Read More: Economics and the Return of History?

Consumers Releasing Pent Up Demand – Q1 GDP will be Stronger than Q4

On Tuesday there was more evidence that U.S. consumers are starting to release their pent up propensity to spend. Redbook reported an extremely strong plus 4.4% year-on-year same-store sales rate in the March 27 week — by far the strongest gain of the recovery thus far.

Redbook also upped its estimate for a plus . . . → Read More: Consumers Releasing Pent Up Demand – Q1 GDP will be Stronger than Q4

Economic Events on March 31, 2010

At 8:15 AM EDT, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 9:45 AM EDT, the Chicago PMI Index for March will be announced.  The consensus index value is . . . → Read More: Economic Events on March 31, 2010