via Matías Salord Bill Diviney Senior Economist at ABN AMRO, points out that current US growth rates are not sustainable. They see that cooling investment, fading fiscal stimulus, and Federal Reserve tightening are likely to drive a slowdown, but not a recession. Key …
by WARREN MOSLER The tariff thing keeps taking its toll: China Nov car sales fall 14%, biggest drop since 2012 (Reuters) China’s automobile sales fell 13.9 percent in November from a year earlier. The drop in sales to 2.55 million …
China M1 growth is 32bps away from all-time lows yet its economy remains solely dependent on QE & new credit to expand. If over half of global GDP growth for the last decade relied on China, what is this telling …
Talk Digital Network, Released on 12/6/18 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth …
By Harry Dent Ever since Trump’s election and he and Treasury Secretary Steven Mnuchin uttered the stupidest words ever, I’ve been explaining in every place I can why 4%-plus growth is NOT sustainable… not past the tax-cut gravy train that …
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size …
by Shaun Richards Let us take the opportunity to be able to look at some better news from Greece which came from its statistics office yesterday. The available seasonally adjusted data indicate that in the 3 rd quarter of 2018 …
by Troy The S&P 500 is now back above its 200 day moving average. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any …
https://twitter.com/NorthmanTrader/status/1068203987147677697 The latest #Fed minutes show concern about growth in leveraged lending. Read #IMFBlog to find out more about the risks https://t.co/bIKx1nbBqz #debt pic.twitter.com/PymDKab4Pw — IMF (@IMFNews) November 29, 2018 Non-financial corporate debt is at a record high of $75 …
Bank of American Merrill Lynch says Target and Walmart online sales are outpacing those at Amazon and urges clients to buy the stocks. Analyst Robert Ohmes says Walmart saw its U.S.-owned e-commerce growth accelerate to 43 percent in the third …
by Martin Armstrong What I have found totally shocking is that the British government under Prime Minister Theresa May is this need to surrender all rights just to remain in the customs union. She has not figured out that the …
The four engines of job growth across four major sectors have stalled; jobless claims have risen across the board@DiMartinoBooth pic.twitter.com/VNdDnHyHTO — Liz Ann Sonders (@LizAnnSonders) November 26, 2018 Morgan Stanley sees 50%+ chance of an earnings recession next year. (via …
by AlexPitti The October industrial production report was positive as industrial production growth was 4.1% year over year and manufacturing growth was 2.7% year over year. Both hit a 10 year high. About 70% of industrial production growth was due to oil …
via valuewalk: One can’t help but walk away from Europe worried and concerned. The Continent is long on bickering and skepticism and short on unity and solidarity – all of which is threatening the EU’s fragile cyclical economic expansion and the global earnings …
via mises.org: Money supply growth slowed in October, falling to the lowest rate recorded since February of this year. Overall, money-supply growth remains well below the growth rates experienced from 2009 to 2016, and has fluctuated very little since March. In …
Chris Gaffney, president of World Markets at TIAA Bank joins Remy Blaire at the NASDAQ MarketSite to weigh in on global growth expectations heading into year-end. Gaffney offers his take on the trajectory for the Federal Reserve and considers the …
https://streamable.com/t0r6s Source – Federal Reserve Economic Data Tools – Python 3 + matplotlib Here is a fixed-axis version of the visualization. h/t ThePedMeister
Macroeconomic analyst Rob Kirby says, “The lineup of billions of dollars to get into physical metal is astoundingly large. . . . ” If you think this all sounds crazy, well it is, and the financial elites know it. Kirby …
via Jill Mislinski A cyclical downturn in construction sector growth is underway, and set to intensify. We know this from monitoring leading indexes specific to major sectors of the economy, whose distinct cyclical swings can precede those in the overall economy. Notably, growth …
by Jim Rickards of Daily Reckoning You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen’s “liftoff” from zero and has continued through seven more rate hikes in 2016, 2017 and 2018, …
Canada’s housing market is imploding, growth is slowing and it will eventually go negative like it did back in the 80’s. Caterpillar once again is reporting weakening sales. The manipulation is coming to an end. Conspiracy no more for gold. …
We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for inflation. By Stephen Punwasi, Better Dwelling: Canadian mortgage credit growth is falling, but how bad is it in real terms? …
by SP Why we get bad diagnoses for the world’s energy-economy problems Gail Tverberg points out many of the same relationships that Chris does above. Economic growth depends on energy flows. Cheap abundant energy is needed. (She talks about a number …
by howmuch How should we think about corruption as it relates to economic growth? Some people argue that corruption helps to “grease the wheels” of an economy, overcoming bureaucratic obstacles to getting things done. Others see corruption as an inherent …
by Frank Shostak via Mises Wire On Monday October 15 2018, the US Treasury Department released figures showing that the federal budget deficit had widened by 17% in the 2018 fiscal year, to $779 billion. Most experts see this widening in …
Service sector growth slowed sharply in October, confirming the US trade war is hitting the Chinese economy hard, and sooner than most expected The Chinese service sector continued to grow in October, but at a much slower pace than in …
For almost six years, Washington secretly shackled JPMorgan Chase & Co., the nation’s biggest bank. Now the chains are off, thanks to bank-friendly regulators in the Trump administration. In actions never before made public, Obama administration regulators prevented the bank …
This article was written by Colin McWey, CFA, Portfolio Manager The recent upward march of yields on the 10-year Treasury bond have brought volatility to growth stocks and growth investors… but may be welcome news to value investors. As you can …
Originally posted at Breifing.com According to FactSet, the five-year average for the forward 12-month P/E multiple for the S&P 500 is 16.3. Today, the forward 12-month P/E multiple is 15.9 versus 16.8 at the start of the fourth quarter. On the surface, …
via globalnews.ca: China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to …