Daily Archive: Tuesday, January 29, 2013

Confidence Index decreased to 58.6

Not conclusive but a bit of evidence the FICA hike is beginning to take a toll. From Gail: The Conference Boards Consumer Confidence Index decreased to 58.6, the weakest since November 2011, from a revised 66.7 in December January 29 — Says Lynn Franco, Director of Economic Indicators at The Conference Board: ...Read More

Japan’s debt approaches 1 quadrillion yen

Debt approaching 1 quadrillion, and the highest as a % of GDP anywhere I know of, and still no bond vigilantes in sight! Who would have thought??? Not to mention decades of 0 rates, massive QE, and in general the BOJ trying as hard as it can to inflate. Maybe it’s not ...Read More