While the headline number on durable goods was not very positive this morning, it was distorted by a decrease in government spending on aircraft.  Excluding that the numbers were up primarily on strength in the automotive sector.  While economic data has not been as positive as the data earlier in the year the economy is...Read More

Europe needs to come together to understand that austerity without growth is not enough.  While peripheral Europe cannot afford to increase their government spending, Germany as the leading nation must come forward to aid growth.  This means providing more flexibility for the ECB to issue bonds assisting in the financing of EU nations, which would...Read More

At TTCM we have maintained that their are two ways to resolve the European crisis.  The first way is to abandon the Euro currency and allow struggling countries to depreciate their currencies as has been the model for a millenium, prior to the establishment of the Euro.  The second way is to adopt the same...Read More