Blog posts

  • The State of the Economy

    January 24, 2012
    As elected officials and political candidates wax eloquent about their plans to restore the economy and “put America back on track,” we would like to take the opportunity to provide our own evaluation of the state of the economy. It can be a bit challenging to believe that 2012 will be better than...

  • Is It 2008 Again?

    January 19, 2012
    It may be painful, but go back in your mind to 2008. There was great uncertainty in the financial markets and in the banking industry. Trust was gone. Over-valued toxic assets were ruining balance sheets and investor confidence. Then, the Federal Reserve Board announced its $700 billion TARP,...

  • Seeking Economic Gains

    January 17, 2012
    The USA has gas - a lot of it. We are of course talking about the supply of natural gas in this country; a supply that has become more abundant because of shale-gas and fracturing. The logical economic spin off benefit from this supply trend is remarkably low pricing for this important energy...

  • If It Can Happen There...

    January 13, 2012
    If it can happen there… Credit tightening and the specter of inflation are having a negative impact on consumer spending in China. We have been talking about China’s inflation problems in our presentations and webinars. China correctly reigned in available credit in an attempt to purge inflation...

  • Snooze or Lose

    January 10, 2012
    It is time to get off the sidelines and into the game.  The data coming out of the US and foreign economies is looking better and better.  For example, Wholesale Trade data through November is now available, and the report is good.   Durable Goods Wholesale Trade is up 12.3%...

  • Bull Market

    January 5, 2012
    We had been saying the last half of the year would be volatile but essentially flat, and it was. The S...

  • Residential Construction Looking Up Heading Into 2012

    December 27, 2011
    While it pays to keep in mind that there is a difference between “looking good” and “looking up”, we are nonetheless pleased to report that the November residential building permits data showed improvement in all parts of the country, even though that improvement may not be evident from the...

  • Bank Risk

    December 22, 2011
    The Federal Reserve Board has issued a proposal that will, if implemented, reduce some systemic risk between large, systematically significant firms. The Fed has not specified capital and leverage requirements, but they are looking to reduce the liquidity exposure of larger banks (over $50...

  • Global View

    December 15, 2011
    The global economic score card is quite diverse and in some ways difficult to read. The economy of North America is growing (US, Canada, and Mexico are individually heading higher as well). Europe’s primary economic drivers, Germany, France, and the UK have weakened but may be stabilizing. Brazil...

  • The Fed – A Friend to Borrowers

    December 13, 2011
    The Federal Reserve Board met on Tuesday and announced that they were taking no new action to stimulate the US economy. The stated reasons are familiar to all of you who regularly follow ITR®, namely the underlying strength in Retail Sales and the improving employment trend. The promise to keep...