Markets

Jul 11, 2001 at 00:00

There is no easy answer to this question. So many companies today have either operating losses and/or frequently recurring "non-recurring" charges that the price-earnings ratio, especially in regards to the…

Jun 27, 2001 at 00:00

The Fed easing has not benefited companies that need financing. As Greenspan pointed out before the Senate last week, banks have tightened lending standards during the current period of economic…

Jun 20, 2001 at 00:00

As the technology bubble deflates, the severity of mismanagement, and malinvestment grows more evident. Last Friday, Nortel announced that it is will not meet expectations, but didn't end it there.…

Jun 13, 2001 at 00:00

The extended growth in real wages and asset prices during the 1990s led consumers to have a great deal of confidence about the future. Consumer confidence tripled to an all-time…

Jun 06, 2001 at 00:00

Ever since the U.S. stock market started to swoon, economists have been waiting for the "negative wealth effect" to slow the over-consumption spree. Much to the disappointment of more than…

May 30, 2001 at 00:00

With a bounce in consumer confidence and a bump in personal spending, it looks like the consumer got a second wind. The Conference Board's index of consumer confidence rose to…

May 23, 2001 at 00:00

On Monday, the Federal Reserve Bank of Philadelphia released its Survey of Professional Forecasters. The survey found that economists have lowered their economic growth forecasts and increased the probability of…

May 16, 2001 at 00:00

Despite its aura, the high tech industry may not be that much different from the oil bidness (as we Texans used to call it). According to Bianco Research, capital expenditures…

May 09, 2001 at 00:00

The latest consumer credit data suggest that the American consumer might be starting to retrench and curb the reckless spending spree of the past several years. That is certainly how…

May 02, 2001 at 00:00

Last Thursday, Prudential Securities sponsored a tour of some of the new retail concepts here in Dallas. This gave me a chance to talk with some of the largest retailers…