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Global manufacturing continued its expansion In January
This is a post which was originally published at A Fistful of Euros. The global manufacturing expansion continued to gather momentum in January. Coming in at 56.1, up from 54.6 in December, the JPMorgan Global Manufacturing Purchasing…
ISM manufacturing survey points to more inventory gains
You can be bearish and point to the potential for a double dip all you want (I certainly do). But to dismiss out of hand the huge uptick in manufacturing is just crazy. These numbers are off the charts bullish. Witness the…
On depreciation, malinvestment and GDP as a gross number
If I could relate the concept of malinvestment to business administration I would do it using the concept of depreciation. Depreciation is a term used in accounting and business to represent a writedown of a real asset on a…
Chart of the Day: Personal Income and Outlays
I have sifted through the most recent personal income data and wanted to show you a few charts that might indicate where we’re heading. First, there is personal income. It’s fallen off a cliff since the recession began. Looking at…
Spain is a serious country
This is a post which was originally published at A Fistful of Euros. José Luis Rodríguez Zapatero, Spain’s prime minister, said in Davos this week: “We are a serious country and we will fulfil our promises.” With these…
Groundhog Day: Six more weeks of winter
As we await yet another winter storm in America’s Northeast, Punxatawney Phil has weighed in on the situation. Answer: six more weeks of cold and snow. You have been warned. By the way, this is one tech-savvy young groundhog.…
Links: 2010-02-02
Finance and Economy Obama Added a New Twist to Financial Reform Talk - NYTimes.com immobilienblasen: BBVA Credit Quality Reality Check.....Spain & Portugal NPA Almost Double To 5.1 Percent Bail-in roundtable: Author Q&A…
Pedal to the metal?
Toyota owners, you might try this next time and see if it works.
The Wall Street Journal’s primer on The Volcker Rule
Paul Volcker is testifying before the Senate Banking Committee today on financial regulatory reform. Recently, the Obama introduced reform proposals inspired by Volcker and now being dubbed The Volcker Rule. The Wall Street Journal has…
Chart of the day: U.S. savings rate over last 60 years
I am in the process of crunching the numbers from today’s report on U.S. personal income and outlays. The monthly data came out at 8:30 EST this morning but I think the quarterly data is more interesting because it goes back to 1947, where…