economic recovery

Consumers Not Ready For Another Credit Binge

Last week, two key reports on the state of the financial and consumer sectors were released. By all accounts, the consumer deleveraging cycle remains intact, despite an apparent willingness on…

Improvements in Unemployment Are Slow To Come

The most eagerly anticipated report of the week was Friday’s labor report. Nonfarm payrolls fell by 54k in August, well ahead of the 105k drop economists were predicting. Further allaying…