Economic Data

Gary Shilling spoke with Bloomberg's Tom Keene yesterday in a wide-ranging interview. I have posted the video below for you to watch. But let me say a few words about the interview. First, it is noteworthy that in this multi-faceted…

from the BBH Currency Strategy Team There has been an obvious build up of expectations about the US jobs report today.  The dramatic jump in the ADP estimate sparked a large upward revision in expectations even though the…

The US Department of Labor reported this morning that initial claims for unemployment insurance rose to a seasonally-adjusted 409,000 from an upwardly-revised 391,000. This puts the widely-followed four-week moving average for initial…

Michael Hudson reviews the reasoning behind income tax policy in the 20th century, a good lesson in financial history. Interestingly, he says that data show tax cuts have been followed by slow growth in the US.

by Win Thin Bank Indonesia kept rates steady at 6.5%, as expected. However, we disagree with its dovish stance. Inflation pressures are rising, and tightening should have begun in 2010. Headline inflation was 7.0% y/y in December, the…

by Annaly Capital Management Yesterday the Census Bureau released manufacturers’ new orders, which is usually seen as a leading indicator for the US economy. According to a Bloomberg article titled Orders to U.S. Factories Increase in Sign…

I have just finished reviewing Byron Wien's Ten Surprises for 2010. Now, I present you Byron Wien's Ten Surprises for 2011. He is bullish again. Enjoy.   -Byron R. Wien, Vice Chairman, Blackstone Advisory Partners, today issued his…

The PMI Index for the December 2010 Manufacturing ISM Report On Business® released this morning increased to 57.0% from 56.6% in November. With 50 seen as the demarcation between expansion and contraction, the report shows a manufacturing…

The US Department of Labor reported this morning that seasonally adjusted initial jobless claims were 388,000 In the week ending Dec. 25. That is a decrease of 34,000 from last week's revised number of 422,000. This is the lowest weekly…