Select Page

Sell W.R. Berkley (WRB)

It’s like some insurance industry version of “Night of the Living Dead.” Zombies keep eating insurance premium increases. In this case it’s not hordes of zombies that are the menace, but one great big one, American International Group (AIG). The crippled insurer,...

China's economy shifts into a higher gear

Good news, bad news from China. Good news first: China’s economy continues to roar ahead. Retail sales climbed at an annual rate of 16.2%. Exports slowed their slide and the trade surplus almost doubled to $24 billion in September. GDP growth looks well on its way to...

Job loss is slowing but not very quickly

Initial claims for unemployment–that’s the number of people filing claims for unemployment for the first time because they’ve just lost a job–fell by 33,000 from the previous week to just 521,000, according to data released this morning by the...

The recovery isn't yet a sure thing

In my 11:45 post today, “Huh? Wall Street thinks higher unemployment is good news?” I said that I was still not convinced that the economic recession was truly over. The recovery that we’ve seen signs of in the last few months could simply be inventory restocking....

Testing the June highs–again

Looks like the stock market is thinking about taking a rest. As I noted way back on July 15 in the first column I wrote for this blog, “Why rallies fail,” I don’t think any rest is going to be a long one–there’s too much money on the...

The long-range problem

Green shoots won’t fix the long-term problems with our economy. Yes, the economy is getting less worse, less quickly. And yes, there are signs that the economy is starting to stabilize. And, yes, if you’re really optimistic you can see a day in 2010 (or 2011) when...