Led by declines in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.23 in March from +0.76 in February. Three of the four broad categories of indicators that make up the index decreased from February. The index’s 3 month moving average, CFNAI-MA3 decreased to -0.01 in March from +0.12 [...]
On Monday, we had the annual running of the Boston Marathon. Patriots’ Day in Boston. At 3:50PM two bombs went off near the finish line. Three people were killed, including one 8 year old child. Over 130 were injured, some having limbs torn from their bodies. As of now, no one has taken responsibility and [...]
Monday we lost a great world leader in Margaret Thatcher, former prime minister of the United Kingdom. Her no nonsense, blunt approach to addressing the problems of the world - and England - are legendary. We could use more like her in the world right now. Rest in peace Iron Lady…. Economy Loses Momentum Those [...]
I had the pleasure of attending a political fundraiser Tuesday at the Union Club in downtown Cleveland. I was privileged to meet Senator Rob Portman, former Governor George Voinovich and my state Senator John Eklund, among others. Consensus seems to be that the Republican party is broken and in need of repair in many areas. [...]