January 2016

Bernie Sanders is no friend of Gordon Gekko

Hillary Clinton will not tame Wall Street. She'll talk the talk, but unlike Sanders, she won't walk the walk. She and her husband have always been a part of the problem. She defends Bill's record on Wall Street, so how can Hillary now claim to part of the solution? And by the way, Michael Douglas endorsed her.

ISM Manufacturing Survey Shows Contraction Once Again

The December ISM Manufacturing Survey is yet another awful month.  Manufacturing is in a second month of contraction and this time slightly deeper than November.  PMI was 48.2%, -0.4 percentage points lower than the previous month.  New orders is still in contraction and employment plunged and went into contraction.  Only six sectors showed any growth according to the survey.