George S. Cole

Articles by George S. Cole

Global Financial Turbulence Intensifies
FOMC Stands Pat; Teamster Victory; Credit Demand Surging To no one's surprise, the Federal Open Market Committee (FOMC) on Tuesday elected to leave the pivotal fed fund rate unchanged at 5.5%.
Domestic Economic News Remains Favorable; UPS Strike Continues Reflecting the strong dollar and the continuing weakness of labor in a deregulated and globalized economic environment dominated by the corporate right, inflation pressures...
Evidence of Slower Growth, FOMC Stands Pat
Evidence of Slower Growth, FOMC Stands Pat
Mixed Economic Signals
Economy Slows, Wholesale Prices Fall
Mixed Signals on the Economy
Economy Still Robust The economy remains strong. First quarter real GDP growth was upward revised to 5.8% last week, April durable goods orders came in above expectations, and consumer confidence hit a 28-year high.
Dow Industrials Rally But Other indexes Falter

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Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.