US Economic Growth Still Weak
Although the overall reported headline rate for the GDP remained essentially unchanged, the numbers reflected somewhat weaker consumer contributions and anemic "real final sales".
Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Tag
Economic Data
To Save the Euro, Germany Must Quit the Euro Zone
Once divorce from the euro is complete, Germany will regain its fiscal freedom. This is itself something the Germans should celebrate, providing their government takes advantage of their newfound fiscal freedom. Remember, once it returns to…
Thoughts on LinkedIn
I was on Headline, BNN’s midday show on financial news, talking to presenter Paul Waldie and fellow guest Jacquie McNish this past Wednesday. The big news then was LinkedIn (LNKD). The first guest, Bill Buhr of Morningstar, spoke to the…
Italy is the elephant in the euro room, not Spain
Looking through the latest round of EU GDP data, one thing is becoming increasingly obvious: when it comes to future monetary policy decisions at the ECB, and to exactly how many more interest rate hikes we are going to see, then the…
Philly Fed survey, existing home sales, leading indicators disappoint
Typical street review of today’s numbers from Goldman. As suspected, look for continued downward revisions to initial 4% Q2 estimates. And note the graph below showing employment as a % of the population. The economy continues to be demand…
The Correlation between Currencies and Oil
The relationship between oil and currencies is no more stable that the relationship between the S&P 500 and currencies. As we noted yesterday in our look at the correlation between a handful of currencies and the S&P 500, it is not…
How to think about Consumer Price Inflation
The Bureau of Labor Statistics' Consumer Price Index (CPI) is probably the target of more anger than any government dataset. And certainly, it's not great at measuring inflation. But gauging inflation can be tricky; so today, I wanted to…
This is why a global slowdown will hit by summer
So, the data are weakening. What does that portend for the rest of the year? Lakshman Achuthan of the ECRI thinks it means a serious global slowdown. Below is a recent interview he did on Yahoo's Tech Ticker explaining why.
Still Home Sick
The separation of abodes from investments should work to the advantage of rentals in future years. We’re not suggesting that Americans will give up on single-family owner-occupied housing. The idea of a single-family home of your own is…
Greece needs a strategic plan
The European finance ministers approved an aid package for Portugal. Ireland is still seeking better terms. Although France's effective corporate tax rate is lower than Ireland's, Sarkozy is reportedly refusing to sanction some easier terms…