Every time I see an adult on a bicycle I no longer despair for the future of the human race.” -- H. G. Wells Economic Perspective The long U. S. industrial decline may be reversing. In March, manufacturing expanded for the fifty-sixth consecutive month. Manufacturing’s share of GDP has ended a … [Read more...]

The plural of anecdote is not evidence.”      - Attribution contested The real voyage of discovery comes not in seeking new landscapes but in having new eyes.”     - Marcel Proust Economic Perspective Last year’s stock market advance gives promise of a more robust economic recovery in 2014. … [Read more...]

 Moderation will protect us against the twin dangers of visionary expectations from politics and unmanly contempt for politics.”  - Leo Strauss Economic Perspective The US economy benefits from being the world’s tallest dwarf; our economic growth rate may be anemic but it puts the … [Read more...]

How can anyone govern a nation that has two hundred and forty-six different kinds of cheese?" - Charles de Gaulle Economic Perspective The United States economy should rebound in the second half of the year as depleted goods inventories are rebuilt. Housing activity continues robust as the … [Read more...]

April is the cruelest month…" - T. S. Eliot Market Thoughts The year opened with an upward spike in stock prices. Increased purchases of domestic stock mutual funds signal the return of the individual investor. Yet investors remain skittish; one bad economic statistic and the stock market drops … [Read more...]