it seems that consensus is to interpret anything that can be viewed as bad, as actually bad, and anything that could be good, as an aberration that will soon become bad.
Like central bankers, the equity markets seem oblivious to weakening global economic conditions that indicate a recession already is here.
The Fed Chair's statement is such a mass of self-contradiction and obfuscation that it is no wonder his colleagues are deserting him.
The economy is not nearly as bad as the news makes it out to be.
GDP and corporate earnings trends are not favorable and increasingly indicate slowing economies here and abroad.
The U.S. economy may see a real lift-off in consumer prices due to higher energy prices, even if certain sectors stand to benefit greatly -- as might the trade deficit.
The bears remain convinced a recession is on the horizon and the central bankers aren't going to be able to stop it.
If employment is weakening, it would be a very ominous sign that a recession is getting closer.
The bulls are counting on a friendly Fed to support the market while the bears are convinced that it is already too late for interest rate cuts to save the economy from a slowdown.
Everyone keeps asking me if there's a recession around the corner. My answer: I don't see it.