Economic Data

I have a lot of threads to cover today. So let’s get right into it. New home sales. I want to start in the US first because the macro data backdrop is good. The first piece of data here is actually a bit soft and says that residential…

By Marc Chandler Drivers for the Week Ahead - This will be a busy week between stress tests and data releases, which markets have taken as positively- Market expectations have settled down, and the Fed is widely expected to announce the…

It’s currently very trendy in Italy to blame Angela Merkel, Mario Monti, and austerity measures for the current recession. This column argues that while the severity of the downturn is clearly a cyclical phenomenon, the inability of the…

While there is no definitive answer at this point to the question whether or not what we are seeing is a creeping process of secular stagnation which will gradually spread from one economy to another as the respective working age…

The Germans got into the eurozone out of a desire to increase European integration and to strengthen Europe as an economic area that rivalled the United States. Yet, now we are in a period where the Germans are being blamed for everything…

I want to revisit two themes from my ten surprises post for a mini-post follow up to the last newsletter. The first theme is Treasury strength due to US economic weakness and the second is Spain outperforming Germany economically. Both of…

The number of market-based signals indicative of a slowing global economy are mounting along with weak GDP data in a number of important countries. In the face of a strong dollar and weak foreign currency translations, I believe it is…

The German economic miracle is coming unstuck. And while a German recession this year would merely be a technical recession, it would highlight the underlying flaw in German economic policy, both domestically and for the eurozone as a…

“People should seriously consider that Japan’s economy may have fallen into recession despite the weaker yen and a stock rally from the BOJ’s easing and the flexible fiscal policy by Abe’s administration,” said Maiko Noguchi, senior…

Even if there are good reasons to believe that the prolonged rally can continue for a little longer, there are equally good reasons to believe that the current equity bull market may end in tears. I am not predicting a repeat of 2008-09. A…