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Browsing Category
Economy
Has the US manufacturing sector’s growth already started its cyclical descent?
The April 2011 Manufacturing ISM Report On Business came out today and confirmed the slight downward path we have seen since February. Mind you, 60.4% is still a very robust reading. Nevertheless, I still believe the manufacturing sector's…
Seth Meyers remarks at the 2011 White House Correspondents’ Dinner
This is making the rounds on the Internet because it is very funny. Take a look.
What is the optimal leverage for a bank?
The global crisis has called into question how banks are run and how they should be regulated. Highly leveraged banks went under, threatening to drag down the entire financial system with them. Here, David Miles of the Bank of England’s…
First Quarter 2011 GDP: The only improving factor was stronger inventory growth
The Bureau of Economic Analysis' (BEA) first ("Advance") estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) was 1.75%, down significantly from the 3.11% growth rate reported for the fourth…
Joe Stiglitz on Quantitative Easing
Joseph Gagnon of the Peterson Institute for International Economics and Joseph Stiglitz, the Nobel Prize-winning Economics Professor from Columbia, squared off yesterday on the topic of quantitative easing. Video below. Also see my…
How low will house prices go?
I was on BNN Headline with Howard Green this afternoon talking to Howard and Rob Cox about the housing data, earnings and tomorrow's Fed press conference. Let me add a bit of colour on housing here and link o the videos below.
Japan is even worse than the economic data suggest
The power shortages and damaged factories are taking a larger toll than was initially evident. Press reports, for example, warn that the contagion via the supply chains may have greater global impact, which in turn could impact the…
GDP, Policy Mixes and Sterling-Yen Trade Idea
The US and UK report their first estimates of Q1 11 GDP this week. While the US economic data, like ISM readings suggest the US economy is enjoying reasonably good momentum, the GDP components are distinctly softer and suggest a…
Fracking and China’s quest for natural gas
You have probably seen the headlines on the natural gas accident in Pennsylvania. Chesapeake Energy, the largest natgas driller reported on Tuesday that one of its wells in Bradford County, Pennsylvania was uncontrollably spilling thousands…
China’s lowering taxes should increase inflation
The Financial Times is reporting that China is attempting to address its wealth gap through a number of measures, the principal one of which is raising the tax exemption on income. As welcome as such a move is for consumers facing…