United States

Hope may spring eternal, but the presidential victor in 2012 will dictate an economic policy that is stuck in the mud. What then, will break unsustainable imbalances and market interference? Lacking an untoward event, we will wait for the…

A slew of manufacturing data was released today in Asia and Europe to go along with the Manufacturing data we saw yesterday in the United States. The data show a divergence of economic fortunes that demonstrates the severity of Europe's…

The US manufacturing ISM surprised the market in a favorable direction. Rather than soften like the consensus expected, the diffusion index rose to 54.8 from 53.4. This represents the strongest showing in eleven months.

Australian house prices peaked in June 2010. The motive force behind Australia’s bubble was the same as in the USA and Japan: accelerating debt drove rising house prices during the boom. Now in both those countries, decelerating debt is…

The jobless claims came out again today and the numbers were weak.

As full liquidity returns to the markets for the first time in nearly a week, the US dollar and Japanese yen have rallied. First though weak short euros and long yen cross positions were squeezed in early Asia, but by the time Europe…

The Institute for Supply Management (ISM), the US purchasing managers’ index (PMI) for March increased to 53.4 from 52.4 in February, beating expectations of 53. It’s the 32nd consecutive month that the index has been at least 50.

The US dollar is mixed after the broad dollar rally is losing steam into the North American open. The euro zone is on the back burner for now. Indeed, the recent back up in US yields over such a short time period has been astounding. Even…

This will be a bronze level post. We see a number of data points in today's links that point to economic growth and employment dynamics that vary widely across the developed economies.

The chart below tracks the economy of the United States and selected European economies, demonstrating the varying impact of the financial crisis there. March 2007 is the reference point where Real GDP is re-based at 100.