Author Archive

Thursday, October 19th, 2017 @ 4:50PM

30-Year Anniversary of “Black Monday” – Dow Down 23%

GARY D. HALBERT BETWEEN THE LINES Today is the 30th anniversary of “Black Monday,” October 19, 1987, when the Dow Jones Industrial Average plunged 508.3 points, or almost 23%, in that one day. It was and is the worst single day in US stock market history. At today’s lofty levels, a decline of 23%…

Monday, November 14th, 2016 @ 12:09PM

Where $3.9 Trillion In FY2016 Federal Spending Really Went

Gary D. Halbert Between the Lines It is so very tempting to devote this entire space to this week’s historic presidential election, and goodness knows I could. Yet the only thing that mattered to me in this election was that Hillary Clinton lost. She did and did so very badly….

Thursday, September 29th, 2016 @ 1:20PM

US Manufacturing & Factories Are Not Dead, Just Different

Gary D. Halbert Between the Lines Before we get into today’s topic, here’s a quick update on this morning’s third and final estimate of 2Q GDP. The Commerce Department reported that 2Q GDP rose 1.4% (annual rate), up slightly from the August estimate of 1.1%. This was slightly better than…

Thursday, September 22nd, 2016 @ 1:36PM

The Fed, The Feud And The Fraud

Gary D. Halbert Between the Lines To almost no one’s surprise, Janet Yellen & Company voted to keep the Fed Funds rate range unchanged at 0.25%-0.50% at the latest policy committee meeting that ended yesterday. The policy statement released after the meeting was quite positive regarding improvements in the economy,…

Thursday, September 8th, 2016 @ 3:54PM

The US Economy Is Nowhere Near “Full Employment”

Gary D. Halbert Between the Lines The official unemployment rate in the US has now been below 5% for four consecutive months. I mentioned in my E-Letter on Tuesday that some economists and members of the Fed believe the economy is approaching what is referred to as “full employment,” which…

Monday, August 29th, 2016 @ 12:41PM

Fed Continues to Overstate the Growth of the Economy – Why?

Gary D. Halbert Between the Lines Two prominent Fed officials gave major speeches over the last week, and both suggested that the US economy will surge in the second half of this year. Both indicated that this newfound growth in the previously moribund economy means the Fed will raise interest…