The Eye of the Storm
The US equity run in the past few months has been impressive in its swiftness, as has been the rise in long term US treasury yields.

However, neither is indicative of a change in the economic trajectory.

There has been a slight decrease in some measurements of the rate of ....

By Roger Arnold On 5/15/2009

The consumer confidence numbers released by the conference board today showing an increase.
The consumer confidence numbers are almost never reflective or indicative of the consumers real activity or of a real trend. What consumers say and do are almost never in sync. In this case the numbers probably reflect a HOPE that the recent run up in stocks along with the stimulus plans are the pr ....

By Roger Arnold On 4/29/2009