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The Enormous, Humongous October Trade Deficit Report

The U.S. Census Bureau reported Friday that the October goods and services trade deficit was an enormous, humongous $43.9 billion. This is for a single month. This is up $1.4 billion – 3.4 percent – from September's enormous, humongous $42.5 (revised) billion trade...

The Economy: The New Normal Isn't

The November jobs report – 211,000 jobs with the headline unemployment rate staying at 5 percent – met "expectations." It is now virtually inevitable that the Federal Reserve will begin raising interest rates at its December 15-16 meetings, as Fed Chair Janet Yellen...

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