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Despite repeated warnings about consumer debt levels, the Globe’s Roma Luciw explains how we’ve now seen two straight quarters where non-mortgage debt levels have risen. Here is a direct link.

Much was made of the July 31 FOMC meeting minutes yesterday noting that “many” of the members think more QE may be necessary if economic conditions do not improve. In fact however this wording is not a surprise in the … Continue reading →

Today the latest FOMC minutes confirmed what we had suspected: falling economic data and mayhem in Europe are prompting the US Fed to conjure ideas for the next round of monetary tricks. Trouble is that nothing they scrape off the … Continue reading →