The Third Quarter Bump

By Jeff Harding

It isn’t as if taking your money and giving it to other people to buy new cars doesn’t create sales, it obviously did and I would expect that we’ll see an upward tick in GDP for Q3 as a result.

Almost every investment house is revising upward their predictions on Q3 results. The Wall [...]

The Problem With Economic Forecasts

By Jeff Harding

Professional economists are really confused by the recent data. As I have noted, what professional economists do is make a forecast by taking a statistic and run a trend line based on it. They take data from the US government (Departments of Commerce and Labor, Census, the Fed) as well [...]

Good News vs. Bad News: Which Do You Want To Believe?

The Daily Capitalist Predicts the Future ……

By Jeff Harding……..

There is an endless supply of bad news I could report but most of you who follow the daily news know much of that. I have occasionally been accused of ignoring the good news and placing an unfair emphasis on the bad news to [...]