You must remember this a Fed leak is just a leak, on that you can rely

“I’m shocked, shocked to find that gambling is going on in here!” says Captain Renault in “Casablanca”. Richmond Fed President Jeffrey Lacker resigned immediately yesterday after confessing he leaked Fed meeting information to a hedge fund  advisory firm days before the minutes from a previous meeting were to be released in Oct. 2012. The firm, Medley […]

Did we have a double dip in 2014?

On Friday, the Bureau of Economic Analysis (wait don’t click away this is important) will release it benchmark revisions to the nation’s Gross Domestic Product figures going back to 2013. These are the eggheads in the Commerce Department that call a recession if we get two consecutive quarters of negative growth. There is a slight […]