Weak housing numbers released this week have some analysts worried that the housing recovery is losing momentum. Personal income lags, durable goods fall, and Dunkin' Donuts gets in hot water for a 'blackface' ad campaign in Thailand.
Public debt shrank from being 75 percent of GDP to 72.5 percent of GDP. Likewise, average spending is down from 21 percent of GDP to 20.5.
With the Dow Jones Industrial Average hitting the 15000 milestone and economic signals flashing continued growth, the case for bull market optimists looks stronger. But there are reasons to be cautious about a retrenchment of the Dow.
The US is reaching debt limits because of a specific resource limit – lack of inexpensive oil, Tverberg writes.
Tverberg explores the connection between changes in the oil market and growing concern of the 'fiscal cliff.'
The economy continued to expand in Q2 with real GDP increasing at a tepid annualized rate of 1.3% from Q1 2012, according to the Bureau of Economic Analysis.